Wednesday, June 14, 2006
Real Money Blog
Fed Remains Blind to Gold's Meltdown
06/14/2006 3:25 PM
In this article, Cramer bashes the Fed a little more, calling them "jokers" for not acknowledging the $200 decline in gold.
Furthermore, he alleges the Fed "in the name of crushing some speculators, have taken out and shot a lot of our best trading partners in Latin America and Asia."
Finally, Cramer says if he were a bear he would "come in with a futures program at 3:45 p.m. EDT, when the buybacks are all gone (they stop at 3:30 p.m.) and knock this thing back to zero, which you know would be very easy to do. "
NOTE: An interesting rebuttal by a RealMoney.com subscriber:
tototoilet said...
06/14/2006 3:34 PM
Cramer more clueless than usual today
06/14/2006 3:06 PM
In this article, Cramer complains of recent selloffs in NASDAQ related growth stocks, saying: "Anything with more than a 20 multiple -- no matter what the growth rate -- gets the Grim Reaper here."
Also, he attributes the market decline on the Fed, again.
Feds Crush Respect Along With Economy
06/14/2006 2:37 PM
In this article, Cramer suggests the Fed "clowns" are "either incredibly out of touch or are being ordered to crush the market."
To sum up the "silly" "Fedsters" - "The idea of cocktail-party-chatter vigilance plus the inability of the Fed governors to grasp the declines in copper, gold and aluminum and natural gas just seems like no-homework nonsense."
Fed Goes Into Extra Innings With New Script
06/14/2006 2:01 PM
In this article, Cramer bashed Fed Governor Fisher-- for today's hawkish comments.
Bottom line: "Thanks for nothing, pal."
06/14/2006 3:25 PM
In this article, Cramer bashes the Fed a little more, calling them "jokers" for not acknowledging the $200 decline in gold.
Furthermore, he alleges the Fed "in the name of crushing some speculators, have taken out and shot a lot of our best trading partners in Latin America and Asia."
Finally, Cramer says if he were a bear he would "come in with a futures program at 3:45 p.m. EDT, when the buybacks are all gone (they stop at 3:30 p.m.) and knock this thing back to zero, which you know would be very easy to do. "
NOTE: An interesting rebuttal by a RealMoney.com subscriber:
tototoilet said...
06/14/2006 3:34 PM
Cramer more clueless than usual today
this incredibly stupid piece could very accurately be translated, "Why are the police out on the streets, can't they see that nobody is committing a crime right now?" if the Fed fails to talk really, really tough here, then the speculation and hedge fund money will start to flow all over again. or to put it another way, THE ONLY REASON WHY WE ARE GETTING MORE BENIGN MATERIALS PRICES IS BECAUSE OF THE FED. But then, having taken people's money for nearly 5 years and provided pretty sloppy performance in return, I can understand J.C.'s desire to complain --- it's his way of commiserating and deflecting his followers' frustrations.
Aversion to Growth Stocks Whacks Nasdaq06/14/2006 3:06 PM
In this article, Cramer complains of recent selloffs in NASDAQ related growth stocks, saying: "Anything with more than a 20 multiple -- no matter what the growth rate -- gets the Grim Reaper here."
Also, he attributes the market decline on the Fed, again.
Feds Crush Respect Along With Economy
06/14/2006 2:37 PM
In this article, Cramer suggests the Fed "clowns" are "either incredibly out of touch or are being ordered to crush the market."
To sum up the "silly" "Fedsters" - "The idea of cocktail-party-chatter vigilance plus the inability of the Fed governors to grasp the declines in copper, gold and aluminum and natural gas just seems like no-homework nonsense."
Fed Goes Into Extra Innings With New Script
06/14/2006 2:01 PM
In this article, Cramer bashed Fed Governor Fisher-- for today's hawkish comments.
Bottom line: "Thanks for nothing, pal."
