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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: IceShark who wrote (18506)2/8/1999 12:14:00 PM
From: John Pitera  Read Replies (1) of 86076
 
AS Cramer calls him Ralph Icanmakyapora actually got caught in the
crossfire twice once in early Aug when he said that the Russell would
be weak and that the Big Caps would hold up on a Monday and then
changed his forecast to Big Cap correction underway the next day.

Then On Oct 7-8 he said that the DJIA was on its way to 6500. Of,
course the mkt was bottoming at 7400 within a day of this
pronouncement.

To be fair when he called the first decline in AUg.. the mkt then
proceeded to get hammered for several weeks after that.<<NG>>

Oh yeah Cramer wrote on his site that He was selling his Dell on Oct
8th , the day Dell hit 40, because of some bear baiting by Herb
Greenberg..then in the afternoon the same day he said that
he felt a crash was comin ala 1987......Cramer was the one who
came up with that famous phrase in the summer of 1997

"anyone who's been long this market all along is probably a monkey
with a buy button""
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