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To: im a survivor who wrote (931)8/16/2007 1:50:07 PM
From: carranza2  Read Replies (2) | Respond to of 9129
 
Cramer is now saying things look very ugly?

Yeah, he screamed and yelled made an ass out of himself, lit into Bernanke and his failure to do 'something.'

As if the central banks and the Fed can do anything. Since 7/31, there has been a global injection of about 1/3 of a trillion dollars into the global credit system. As far as I can see, it was a worthless effort.

Anyone who thinks a rate decrease can stop this bleeding is nuts.

The excess liquidity has to be wrung out of the system.



To: im a survivor who wrote (931)8/16/2007 5:25:11 PM
From: Maurice Winn  Read Replies (1) | Respond to of 9129
 
I have seen little of Cramer, but he is an entertainer first and foremost. He uses the markets as his platform. I did watch that recent link to him ranting because it was conveniently linked in SI.

People in markets like to be entertained too.

Mqurice