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| User Info | Cramer Advocates Death Of Your Portfolio in forum [Ticker] | |||
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Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/1186-C....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-07 09:54:18
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Escaping_east Posts: 107 Incept: 2009-04-19 Europe
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This is something that I fail to understand, how can people work about 150 hours a month and not spend the few hours necessary to properly harvest their earnings? How can you be so dumb as to hand over your hard-earned money without thinking for yourself? How is it possible that people shop around to save a few dollars here and there only to waste it all when it comes to the truly important bit. Why do so many people spend more time thinking which TV to buy rather than how to properly invest their retirement money? A few books can make you tens of thousands of dollars, just a few hours. Do they shy away from responsibility? What's the use of being able to blame your advisor when you're broke in old age? Don't they respect their work enough? I don't understand... 5% on 30-year bonds? ******* no-risk CD's would be at 5% were it not for the FED! Just when you think they finally have to make an adult decision they find a way to weasel themselve out, selling EVERYTHING just to buy some more time. That is retarded and I for one am taking my ball and going home. ---------- The problem with socialism is that eventually you run out of other people's money Last modified:
2009-07-07 10:15:36 by escaping_east
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Yourapostasy Posts: 19 Incept: 2008-10-06
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Where I can track monthly federal payroll tax deposits? I strongly suspect they are still not correlating with the reported unemployment trends, and want to plot an update. I'm getting the uncomfortable feeling that we're seeing a blowoff top here with these transparent antics from Cramer being just the latest signal. Just set up an offshore entity within the last six months to start holding all our non-US earnings, as I fail to see how the USD will survive these kinds of market-distorting activities by the US political class despite the current strongly deflationary pressures. I sense my company will need diverse currency sources to withstand the volatility in the next 8-10 years. 2009-07-07 10:25:32
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Jstanley01 Posts: 2332 Incept: 2008-07-30 
San Antonio, Texas
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TPTB -- "carnies" is exactly what they are -- are convinced that the survival of the system upon which they depend, hinges upon the stupidity of the American people. And they're right.  "Come one come all! She slices, she dices, she crawls on her belly like a reptile!" ---------- Come on. It's just a ****ing casino. The markets have nothing to do with reality most of the times.. until they suddenly do... -- Peezdets Last modified:
2009-07-07 10:35:25 by jstanley01
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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Quote:The carnies of Wall Street and its captive media (and you can bet The Government isn't far behind 'em) are trying to fleece you yet again. The U.S. Goobermint has been setting-up the sheep for a real slaughter since May 17, 2006, with the beneficial ROTH Conversion: Quote:For tax years after 2009, the Tax Reconciliation Act permits all taxpayers to make Roth IRA conversions, regardless of income level. If you make the Roth IRA conversion in 2010 you will be given the option to pay all the taxes on the conversion in 2010, or average the taxes owed on the conversion over two years, i.e., in 2011 and 2012. However, it is important to be aware that 2010 is the last year for the current low income tax rates. Current law provides for an increase in tax rates in 2011, therefore, if you were to choose to average your tax payments over the two year period in 2011 and 2012, you might be hit with higher tax rates. Pay all those taxes and then change the rules for ROTHs... Additionally, there has been rumors that when things get bad enough the U.S. Goobermint will require all Pension Funds, including State Funds, to purchase Special Zero-Coupon Treasuries. Could Cramer be the mouthpiece to see if a Voluntary Purchase of 5% ones work, then if it fails the more austere screw takes place? ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking 2009-07-07 10:31:26
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Markytom Posts: 179 Incept: 2009-02-19
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@Escaping Same reason people continue to lose their life savings on Nigerian 419 scams. Unfortunately, the MSM, Wall Street, the US Treasury and the Fed are all acting more like 419 scammers than moral and ethical leaders. 2009-07-07 10:35:24
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Mike57 Posts: 340 Incept: 2009-03-10 Bethlehem, PA.
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Here's a classic example of people in charge of managing money having no clue about what they're getting involved in. http://www.mcall.com/news/local/all-swap.... I live in Bethlehem and we already were notified that property taxes must be raised to make up for the loses. Should a school district even be playing around with such investments? 2009-07-07 10:36:49
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Mike: No, and the people who did so should go to prison for official misconduct.
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-07 10:39:03
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Capeman Posts: 2054 Incept: 2007-07-12
San Diego
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Karl- The compounding is off on those Treasury yields. Between 5% and 7% at 30 years there is a 300K difference in interest lost and not 60K at 30 years. That makes the point even stronger!
---------- "I believe all God's creatures have a soul... except bears, bears are Godless killing machines!" - Steven Colbert 2009-07-07 10:39:07
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Correct Cape but there is also a duration mismatch that changes the valuation equation too. I omitted both specifically to make it easy to understand - you're going to get ****ED if you buy these and rates go up. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-07 10:40:50
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Jlk Posts: 628 Incept: 2009-05-24
Philadelphia Online
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"Escapingeast" wrote..How can you be so dumb as to hand over your hard-earned money without thinking for yourself? Most people are not smart enough or not analytical enough to make good investing decisions, and even if they are they often fall prey to all of the disinformation that is out there. Like Cramer. They make decisions using their limbic brain, and not their prefrontal cortex. Limbic decisions are quick and fuzzy, based on past experiences and associations. Value investors who buy when "blood is in the streets" in effect take advantage of market mispricing due to limbic decisions. Do some reading into how the brain works and your investing will probably benefit greatly. 2009-07-07 10:43:27
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Markytom Posts: 179 Incept: 2009-02-19
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Here is an interesting article by Andy Xie concerning Rational Expectation Theory and the state of the economy. Just curious on what Gen's and other's comments are on his article. http://english.caijing.com.cn/2009-06-09.... 2009-07-07 10:54:25
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Solnow Posts: 732 Incept: 2009-03-02 My Market Model
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I believe this also is somewhat of a generational issue. Most boomers grew up in a time when you could trust your neighbor. Advisors were considered educated experts whom you could trust with your legal, financial and personal issues. Banks could be trusted to keep your money safe from harm and the milkman shows up every Tuesday. They have been coddled, by a barrage of information sources, to believe that handing your well earned money over to an advisor and/or the gov was the best way to preserve your wealth and enjoy your retirement. If only the world was so simple. If only people like Cramer considered your well being first, in lieu of their own. Cramer's unbriddled optimism draws on an audience longing for better days. They want to believe that the gov, their advisors and even Cramer himself has their best interest at heart. Its and emotional response no different than your favorite Coke advertisement. ---------- HOPE is for sissies. Don't like the law, VETO it. You have the choice. The Fully Informed Jury Association http://fija.org/ 2009-07-07 11:02:16
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Nadreck Posts: 483 Incept: 2007-09-06 
Highlands Ranch, CO
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Escapingeast wrote..How can you be so dumb as to hand over your hard-earned money without thinking for yourself? Remember that much of the world is sufficiently math phobic that balancing a checkbook is, if not beyond them, something that they prefer to have someone else do. Contrast that task, which only takes fourth grade math, with the complexity of choosing stocks and bonds, or even choosing between stocks and bonds, and you'll see one of the reasons why people have trouble with money. ---------- Any bank too big to fail must be broken up immediately. 2009-07-07 11:02:54
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Throxxofvron Posts: 2248 Incept: 2009-02-17
The Land of Bilk & Money
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New lows in despicable conniving... Market prognosticators and cheerleaders as well as the .gov Officials & market shills like Cramer should be Forced by LAW to actually have Their Own Money invested in the very economic snares that They tout. My "Special Personal Message for the Day" is brought to You by the United States Government; the Government You Trust & Pay for! : "Cramer; You are a really Special Little Piece of ****." Please send Your requests for a "Special Personal Message of the Day" to ThroxxOfVron in care of Market Ticker Forums! Happy Investing All! ---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell Last modified:
2009-07-07 11:52:11 by throxxofvron
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Degaston Posts: 1025 Incept: 2007-07-27
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The only reason to pay attention to Cramer or anyone of his ilk for making consistently bad calls is because there really is a proven risk that ideas like his have and can become government policy that'll significantly hurt the lives of millions. If it wasn't for this risk I'd be criticizing Genesis for even wasting a moment of his time thinking about Cramer.
---------- 8/20/2009: Strong Buy ratings - PACR, GIGM, UNG, CSR, PBW - 10 percent in the market right now with 90 percent in cash 2009-07-07 11:08:13
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Glock36 Posts: 327 Incept: 2009-06-03 Banned
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Cramer appeals to the Lowest Common Denominator. BooYah! His greatest concern should be the Typical Response when this type get Screwed Royally. I can't help but to believe that his audience in 2000, when he was still The Street.Com, was totally different than his audience on Mad Money. "When someone loses everything and has nothing to lose, they lose it" - Dr. Gerald Celente ---------- Black Helicopters Are Like ****roaches, You Never Find Just One Glock36's Law: Murphy Was An Optimist When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking 2009-07-07 11:08:51
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Jpg Posts: 39 Incept: 2009-03-23 MI
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Quote:Most of these companies don't even have earnings per share, so we won't have to be constrained by that methodology for quarters to come. Isn't that like saying "We're too far from the end of the tunnel for natural light to be appearing; that light must be the headlamp of an onrushing locomotive ... no need to hurry to put your sunglasses back on, it'll be gone in a moment."? 2009-07-07 11:11:46
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Stoverny Posts: 197 Incept: 2009-02-25
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Quote:So let's say for the sake of argument that you buy ten of these 30 year 5% bonds in your 401k. You now have $100,000 in bonds that yield 5%. Booya, right?  2009-07-07 11:29:36
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Steelhead23 Posts: 280 Incept: 2008-09-09 Portland OR
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To Escaping East - I believe it was J.K. Galbraith who first noted that as technolocy advances and life gets more and more complicated, individuals are driven to experts (like Cramer?) to enhance their decision-making. This dependence on experts has made them absurdly susceptible to Judas sheep, leading them to slaughter. Karl, is it possible that the U.S. Treasury is compensating Cramer for his tout? That would be deeply disturbing as the public should be able to trust its public institutions (although that assertion seems more and more ridiculous by the day). Let me toss in my thanks to you for encouraging each of us to learn enough to step out of the line to the slaughterhouse. I made money in the market last year while virtually everyone I know lost. I am currently on the sidelines due to how crooked things are getting. Thanks. ---------- short em all - let God sort em out! Last modified:
2009-07-07 19:06:46 by steelhead23
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Merrillgrinch Posts: 1112 Incept: 2007-11-03
Surf City
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Thanks for the link to Cramer's 2000 piece, "The Winners of the New World". Hadn't read it in a while. It is a document to be studied. Like a good poem, every time you read it you get something different out of it, and it's always good for a laugh. I'm surprised that TheStreet.com still has the article up. It should be in the Smithsonian. ---------- "This business of not drifting into extreme ideology is a very, very important thing in life." - Charles Munger (USC School of Law Commencement Speech - May 13, 2007) 2009-07-07 12:49:13
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Sribb Posts: 936 Incept: 2009-06-10
Tampa, FL
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12 worst financial gurus..... http://www.billshrink.com/blog/worst-fin.... ---------- Lao-tzu: "Using No Way As Way; Having No Limitation As Limitation" Bruce Lee: "Be Water, My Friend" 2009-07-07 19:08:27
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R2judge Posts: 251 Incept: 2008-04-13
Burbank CA
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Cramer is a market tout. Thus, what is his alterior motive for touting treasuries? His Wall street buddies need to dump them? At the end of 2003, Cramer was on his TV show crowing, "I just want to get pwople in", referring to tech stocks. The first 8 months of 2004, tech stocks declined. Just before they rallied again, Cramer criticized, "what are you doing in techs, you should be in oils." Cramer was suckering people to buy at an intermediate top and sell at an intermediate bottom. 2009-07-07 23:21:08
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Nirvan45 Posts: 1527 Incept: 2007-10-31
florida
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Thank you That is really a fine ticker for taking a loud mouth apart How I wish you had that media exposure and mic to take this to a larger audience. Oh hell these are the sort of truth that dumb public has no idea about 2009-07-08 05:49:42
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Assassin Posts: 48 Incept: 2009-05-21 Illinois
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Throxxofvron wrote..Market prognosticators and cheerleaders as well as the .gov Officials & market shills like Cramer should be Forced by LAW to actually have Their Own Money invested in the very economic snares that They tout. If Cramer owned stock that he was touting, you'd be protesting that "he's talking his book" and "pump and dump!". And you wouldn't be alone. So to avoid the blatant conflicts of interest, he can't personally own stock (outside of GE, which he's disclosed, and generally avoids commenting on the company). Sensible enough. Last modified:
2009-07-08 10:41:23 by assassin
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