But But Cramer Said! in [Market-Ticker]

Posted 2013-01-25 09:09
by Karl Denninger
in Company Specific

But But Cramer Said!

He was just on CNBS crooning that "Asia is Back!"

Oh really?

Last three months were down 7% Asia/Pacific and down 6% in North America. Down 1% worldwide. Up was in Latin America, which has been on a tear the last six months or so.

And power systems in industrial and transportation were down 20% and 11%, respectively.

That's not so good.

CAT reports next week.

Discussion below (registration required to post)

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User Info	But But Cramer Said! in forum [Market-Ticker]
Ricka01 Posts: 1213 Incept: 2009-03-05	And here is Cramer top-ticking (pretty much) AAPL on September 13, 2012: http://www.optionmonster.com/news/articl.... Quote: Oh, for heaven's sake, stop trading Apple and start owning it. 2013-01-25 09:31:25 Permalink
Curbyourrisk Posts: 3587 Incept: 2008-08-19 Farmingdale, NY	** Cramer sideways with a 10 foot razor blade. Karl YOU NEED TO BE GIVEN HIS TIME SLOT. ---------- Time is up.** I hate to burst your bubble, but there is no Santa Claus, the tooth fairy does not exist and American justice does not involve the courts. 2013-01-25 09:37:39 Permalink
Cbucket Posts: 14 Incept: 2011-03-04	The only purpose of Jim Cramer is to make Henry Hindsight's predictions seem respectable (see link below). http://www.economist.com/node/281885 On the other hand one could regard Cramer as the perfect contrarian indicator. Whatever he says, do the opposite. Last modified: 2013-01-25 11:48:12 by cbucket 2013-01-25 11:34:10 Permalink
Mannfm11 Posts: 3530 Incept: 2009-02-28 DFW, Tx	I'm just glad Cramer is in NY and not Texas. I want to kick the TV every time he is on and might be tempted to hunt him down and kick his lying ass. His saving grace is stocks are in a bull move about 70% of the time, so he can play the blind squirrel well, as there are nuts all over the place. All this CNBS hype about AAPL has to make you think, who were they trying to help unload. The outfits that are overweight this company are going to have an ugly quarter and maybe year. As amazing as they might be promoting this 4 year rally to be, it has roughly retraced a 17 month decline and the only people with sizable holdings acquired on the bottom had inside information. The first half of the rally happened before anyone knew it was happening. Seems Cramer had spent the last 6 months of that decline telling people to sell quite a bit. ---------- The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith 2013-01-25 19:59:10 Permalink

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