Market Meltdown

[Guest cooter]

Yep, he asked them to open the discount window, and one week later, they did.

[torero 10]

This is amazing, one or 2 days after the Bernanke said they won't change rates, Cramer ranted, and the Fed injected money. If it's true that Cramer's rant got the Fed to react, then the most powerful man is no longer Bernanke, but Cramer? Go figure!

[amory hill 10]

but that's not the same thing. injecting money is easy, interest rates have much wider-reaching implications. requiring responsible decision-making.

[james_gsx 16]

This is amazing, one or 2 days after the Bernanke said they won't change rates, Cramer ranted, and the Fed injected money. If it's true that Cramer's rant got the Fed to react, then the most powerful man is no longer Bernanke, but Cramer? Go figure!

 

I think something was already going on when Cramer made his rant.

 

But it does go to show the man deserves more respect. He brought up something verry litle people knew about, only for it to become mainstream a few days later. Oh well, there will always be the people who think he sucks just go look at ET.

[torero 10]

but that's not the same thing. injecting money is easy, interest rates have much wider-reaching implications. requiring responsible decision-making.

 

So what you're saying is the Fed is making a temporary fix to a short-term problem instead of a making a long term solution. Does that mean that there is more long term market problems to come? I'm not sure if Cramer was seeking liquidity solution in the short term (sorry don't remember what he wanted specifically the Fed to do, I thought it was lowering interest rate). If this mortgage turns out to be a tip of the iceberg, more injection?

[OAC 10]

Check this out:

http://www.dynamictraders.com/reports/specialreports/dt-special-stock-bond-report-2007.html

This special report was e-mailed to me in May. Robert Miner was projecting

the end of the fifth wave of the fifthwave of the fifth wave of the long-term

elliot wave starting in 1982. The way things are going make me think this guy

may have made the right call.

[Reaver 10]

Check this out:

http://www.dynamictraders.com/reports/specialreports/dt-special-stock-bond-report-2007.html

This special report was e-mailed to me in May. Robert Miner was projecting

the end of the fifth wave of the fifthwave of the fifth wave of the long-term

elliot wave starting in 1982. The way things are going make me think this guy

may have made the right call.

 

Yeah but Robert Miner has been calling for the end of the world for like 10 years now....