The Stock and Bond Market: Kramer

Originally Posted by ArlJim78

hold on to your shorts, we're in for a bumpy ride.

I saw the kramer stuff on tv a few days ago. it came across to me like a guy who was getting hammered on something and losing big time. more than his usual passion...

When he started talking about how much he knows and who he talks to, it was a bit hard to stomach. like he is at the top of the information pyramid on this or that maybe the fed chairman needed to call him to get the inside story. the guy is passionate but a bit of a whack job if you ask me.

The guy is rich. He will never go back to where he started... poor. But my take is he was where a lot of people may be in a few months... living out of their car. I think he understands what it is to be poor. I personally feel that he is for the little guy. But a whole heck of a lot of people listen to him. I cant quite remember a TV personality who talks stocks that has had such an impact on the public. So I think he does get calls, but he does take himself a bit to seriously. I just think he does not like seeing people lose their homes. And he wanted the feds to lower rates so that people might make it through the bad mortages they got into.
The fed has responded differently. By dumping money back to banks, etc.. that are going to be hit, not lower rates. So the feds do know things are serious. For now. One can never tell if this is a blip, or it starts the ball rolling the wrong way. That what is crazy about the world of money. Economics is a social science. Its not like predicting sunrise. More like predicting Earthquakes.