Jim Cramer meltdown on TV

[Phokus]

Hmmm, i'm going to be looking to buy a house in a year or 2, does this mean there's going to be lots of dirty cheap foreclosed homes available? 😀

 

[flashbacck]

Originally posted by: TheNinja
One piece of investing advice I had to learn the hard way....don't follow Jim Cramer's advice.

For the curious, you can see how cramer's recommendations have done since 7/05 vs indexes:
http://www.yourmoneywatch.com/...ocks&op=history&year=0

 

[Balt]

Originally posted by: Phokus
Hmmm, i'm going to be looking to buy a house in a year or 2, does this mean there's going to be lots of dirty cheap foreclosed homes available? 😀

Maybe, but if you can't get a loan to pay for it then it won't do you much good. 😛

 

[Phokus]

Originally posted by: Balt

Originally posted by: Phokus
Hmmm, i'm going to be looking to buy a house in a year or 2, does this mean there's going to be lots of dirty cheap foreclosed homes available? 😀

Maybe, but if you can't get a loan to pay for it then it won't do you much good. 😛

My fiancee has good credit (something to do with paying the bills on time or some weird nonsense 😛)... shouldn't be a problem! 🙂

 

[StageLeft]

He will die from a stroke soon.

 

[ch33zw1z]

lol, nice...

 

[watdahel]

AMD is $12 and change. If I buy some shares now and the market corrects by Monday I should have enough money to buy an Xbox360.

 

[Xylitol]

If you guys took Intro to Macroeconomics you would understand what he's talking about with interest rates affect jobs and lowering the rates, etc.
for those of you who dont respect or understand what he's saying

 

[bctbct]

WTF the video is messing up, did he tell her to get PAB on the phone? 🙂

 

[smack Down]

Originally posted by: Xylitol
If you guys took Intro to Macroeconomics you would understand what he's talking about with interest rates affect jobs and lowering the rates, etc.
for those of you who dont respect or understand what he's saying

You know what else is bad for the economy inflation and that would be the result of lowering interest rates.

 

[meltdown75]

hmmm. that was tough to sit through

 

[ultimatebob]

Originally posted by: Skoorb
He will die from a stroke soon.

Amusingly, Jim Cramer got out of the hedge fund business because of health problems, and says that his new job as a TV stock analyst is less stressful 😕

The one bright point about all of this is that I no longer have to hear my co-workers gloat about how much their houses have appreciated over the past five years 🙂

 

[Slew Foot]

Originally posted by: Phokus
Hmmm, i'm going to be looking to buy a house in a year or 2, does this mean there's going to be lots of dirty cheap foreclosed homes available? 😀

I hope so, especially in CA!