cute fuzzy bunny
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I had been wondering the exact same thing. You've made a very valid point!
Eh, we'll be making the same jokes again by the end of 2009.
I had been wondering the exact same thing. You've made a very valid point!
Did I miss the sarcasm? Or are you suggesting that 1) he's claiming that he identified the bottom in 87 and 98, and 2) that past performance is a guarantee of future results?
yesterday he tells everyone to pull money out now. not just to move a bit to cash, but to pull everything out.
Not sure it means anything, but it is a little scary.
The Dow first cracked 100 in 1916. It didn't permanently stay above 100 until 1938.
The Dow first cracked 1000 in 1972 (and was as high as 995 in 1966). It didn't permanently hold 1000 until 1982.
The Dow first cracked 10,000 in 1999. And now, nearly a decade later, it's back under 10,000.
The round numbers seem like they should just be symbolic, but for some reason, the market has historically had a terrible time holding the milestones.
when cramer is scared and tells you to get out, that's probably a good indication of a bottom
1987 he just started his hedge fund right before the crash and almost closed it there
1998 he was losing a lot of money and he used to blog back then on thestreet.com. at the bottom he blogged "get out, get out now" and 10 minutes later the market turns around.
yesterday he tells everyone to pull money out now. not just to move a bit to cash, but to pull everything out.
Hey, it was at the height of the dot-com mania. I had access to 100 shares of the IPO at 19. Flipped it later that first day for 61. Easiest money I never earned.-Took thestreet.com public in the 90's mania. look where that went.