Let’s take a look at that panic sell call of Jim Cramer. In only one day, we are only 56 points below the close of his horrific call. The really sad part is if you heard about the call and believed it, you probably didn’t get the sell order in until the next day. Typically, most 401K sell order are marked to the day’s close, meaning that with today’s bounce, we are now above the levels that most people exited. How sad is that.
If Cramer thinks his hate mail is bad right now, just wait till we roar even higher. At which point, Cramer will surely signal the all clear and tell people to buy, which of course will mark the market’s top.
Well, people who pay attention to Cramer deserve to lose their money as much as those who paid attention to Bush.
Even my ex wife listens to me and not Cramer - her 401K is up over 10% in just 2 days ( She has been in cash since, I think, November 2007) - so basically she has “SAVED” at least 50% of her 401K - this is what other hopeful lost this year in 401Ks, not to overlook that gain has to be 100% just to break even).
60% YTD gain for 2008 ( with no ability to short or buy short ETFs or Short Mutual Funds - I take it to the bank any day)…and I’ll put her back in cash in 2 days, most likely ( why am I managing my ex finances? - kids)
Cramer, Kudlow, Kneale, Heebner, Najarian (Pete), Fuld, Gartman…truly - why do we give a flying fa.t about them - unless they willing to share THEIR money? Once again, JMHO - people who listen to them deserve to go broke…