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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (391416)6/16/2008 2:30:48 PM
From: tejek  Respond to of 1574851
 
Cramer: Never Seen Wall Street This Bad

newser.com
( Gee! The Crames is sounding downright BEARISH! )


What did it for me and probably him is when LEH went back to the well for more capital. Whether true or not, it gave the impression that the depth of the credit crisis has not been plumbed which is contrary to the general feeling two months ago.

For the first time, I believe a global depression is possible........especially with the quake in China and crude rising like its high tide all over the world. Its not surprising that Cramer is freaked.

And this is all very much related to the presidential election in 2000. This country made a huge faux pas......first in making the vote so close and then allowing Bush to steal the election.