Health Care Thread II - Page 5

Arbitrary · 07-27-2009, 11:45 AM

Let's not go giving Jim Cramer a free pass because he may have gotten one thing right. If you had been following his advice for the last year you would have been buying at DOW 14000, DOW 13000, and DOW 12000. He then called the bottom at 11300 and didn't call the bottom at DOW 6500.

AladainAF · 07-27-2009, 01:13 PM

I'm not saying Cramer is right all the time. I certainly think hes made bad calls (See: Bear Stearns).

I'm just saying that the housing bottom call was a risky call, and he nailed it better than any other.

I'm Rich Bitch · 07-27-2009, 01:15 PM

Quote:

Originally Posted by AladainAF

I'm not saying Cramer is right all the time. I certainly think hes made bad calls (See: Bear Stearns).

I'm just saying that the housing bottom call was a risky call, and he nailed it better than any other.

Jim Cramer sucks. He is a Right Wing hack.

chaos · 07-27-2009, 01:28 PM

Didn't he vote for Obama? Isn't he, like, a lifelong Democratic supporter?

Eyashusa · 07-27-2009, 01:30 PM

I didnt think it was Cramer who called that, I thought it was some friend of his who is also a self-described economic guru?

Heavens_Myst · 07-27-2009, 07:01 PM

Quote:

Originally Posted by chaos

Didn't he vote for Obama? Isn't he, like, a lifelong Democratic supporter?

Yeah he did and yeah he is. I like the dude, think he's pretty cool.

whatsamattau · 07-28-2009, 10:48 AM

Quote:

Originally Posted by Heavens_Myst

Yeah he did and yeah he is. I like the dude, think he's pretty cool.

I especially liked the part where he happily admitted to positioning his hedge fund for a down market and then used the resources of his hedge fund to manipulate the market to go down. Pretty cool.

Draegan · 07-28-2009, 11:45 AM

He's a douchebag.

Haus · 07-28-2009, 12:09 PM

Quote:

Originally Posted by whatsamattau

I especially liked the part where he happily admitted to positioning his hedge fund for a down market and then used the resources of his hedge fund to manipulate the market to go down. Pretty cool.

A lot of people did that... (Yes... I'm looking at George Soros when I say this.)

whatsamattau · 07-28-2009, 12:38 PM

Quote:

Originally Posted by Haus

A lot of people did that... (Yes... I'm looking at George Soros when I say this.)

Ok. I don't care much at all about George Soros, but if you say he's at least as morally bankrupt at Jim Cramer, then I'll believe you.

Haus · 07-28-2009, 01:30 PM

Quote:

Originally Posted by whatsamattau

Ok. I don't care much at all about George Soros, but if you say he's at least as morally bankrupt at Jim Cramer, then I'll believe you.

I think both are not as "morally bankrupt" as they're both simply money men, who have the job to make as much money as possible. Most of the "smart money" saw the housing collapse coming, and the subsequent credit collapse. As such you plan for it, invest accordingly, and reap benefits regardless of which direction the market goes.

whatsamattau · 07-28-2009, 01:40 PM

Quote:

Originally Posted by Haus

I think both are not as "morally bankrupt" as they're both simply money men, who have the job to make as much money as possible. Most of the "smart money" saw the housing collapse coming, and the subsequent credit collapse. As such you plan for it, invest accordingly, and reap benefits regardless of which direction the market goes.

There is a difference between doing that and using the resources of your firm to make artificial movements in the market.

AladainAF · 07-28-2009, 01:58 PM

Since there isn't a democrat corruption thread or anything, and shit rolls uphill...

AP IMPACT: Dodd, Conrad told deals were sweetened - Forbes.com

Heylel Teomim · 07-28-2009, 02:00 PM

Those two need to have their asses out on the street. Let it never be said that Democrats don't have just as many bad apples in the bunch as Republicans. If anything, they're far worse at hiding it.

AladainAF · 07-28-2009, 03:32 PM

Quote:

Originally Posted by Heylel Teomim

Those two need to have their asses out on the street. Let it never be said that Democrats don't have just as many bad apples in the bunch as Republicans. If anything, they're far worse at hiding it.

Why work so hard at hiding it when you just keep your position regardless?

Remember this guy?

He was still a senator up until he was defeated in the general election.

07-27-2009, 01:13 PM	#62 (permalink)
AladainAF Registered User Join Date: Aug 2002 Location: Austin, TX Posts: 3,930 -42 Internets	I'm not saying Cramer is right all the time. I certainly think hes made bad calls (See: Bear Stearns). I'm just saying that the housing bottom call was a risky call, and he nailed it better than any other. __________________ Vexacion (Elyos) - Marchutan

07-28-2009, 11:45 AM	#68 (permalink)
Draegan ҉̵̞̟̠̖̗̘̙̜̝̞̟̠͇̊̋̌̍̎ ̏ Join Date: Sep 2006 Posts: 6,639 -20 Internets	He's a douchebag. __________________

07-28-2009, 01:58 PM	#73 (permalink)
AladainAF Registered User Join Date: Aug 2002 Location: Austin, TX Posts: 3,930 -42 Internets	Since there isn't a democrat corruption thread or anything, and shit rolls uphill... AP IMPACT: Dodd, Conrad told deals were sweetened - Forbes.com __________________ Vexacion (Elyos) - Marchutan

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07-27-2009, 01:28 PM	#64 (permalink)
chaos Registered User Join Date: Jun 2003 Location: NoVa Posts: 7,162 +29 Internets	Didn't he vote for Obama? Isn't he, like, a lifelong Democratic supporter?

07-27-2009, 01:30 PM	#65 (permalink)
Eyashusa Registered User Join Date: Jun 2008 Location: Chicago Posts: 1,305	I didnt think it was Cramer who called that, I thought it was some friend of his who is also a self-described economic guru?

07-28-2009, 02:00 PM	#74 (permalink)
Heylel Teomim The Educated Fool Join Date: Aug 2002 Location: Atlanta, GA Posts: 2,986 +19 Internets	Those two need to have their asses out on the street. Let it never be said that Democrats don't have just as many bad apples in the bunch as Republicans. If anything, they're far worse at hiding it.