WebPennys.com - Template

Jim Cramer's Worst
Call Ever ...
about webpennys.com...
contact us...
home-index...
investor resource web sites...
legal...
message board/chat web sites...
newsletters...
news web sites...
profiles on stocks...
stock pick web sites...
suggest a link...
suggest a stock...
trading clubs...
trading companies...

 

Canadian Maple Leaf Coins

About Canadian Gold

Maple Leaf Coins

 

About Canadian Silver

Maple Leaf Coins

 

Top of Page
 

 

WEBPENNYS.COM -
Copyright © 
All Rights Reserved.

 

Google

Jim Cramer's Worst Call, Ever! ...

 
IMO, the worst ever call/analysis by Jim Cramer can be seen in this interview... the video below shows Jim offering his analysis on the Subprime crisis just several weeks before all hell started breaking loose in the subprime market.

In the video below, Cramer jokes about subprime... he then goes on to say the subprime paper issue is;
 
"completely meaningless" ...

"if they all blew up, you still wouldn't notice" ...

"it has no relevance whatsoever" ...

"this is an issue where people really, really, want to just make a gigantic hill out of what I think is a mole hill" ...

"I've sold this kind of bad paper, so I know the lack of importance it has" ...

In my opinion, I think Jim actually knew how bad the subprime crisis was... but because he was involved in selling toxic subprime paper (which he admits in the video) I think he didn't want to tell the truth about the financial instruments he and his Wall Street Charlatan friends had sold to unsuspecting dupes.

 

In contrast to what Cramer was saying... here's some of the headlines from the WebPennys.com blog the same week Cramer was telling everybody that subprime was "completely meaningless"...

> 2 Bear Stearns Multi-Billion $ CDO Funds Now Nearly Worthless...
> Goldman, JPMorgan Saddled With Debt They Can't Sell...
> The Subprime Mess: "It's Just Going To Get Worse"...
> Compound Damage Orgy (CDO's)...
> Video: Analyst Calls Rally in Stocks "Irrational"...
> Video: Sub-prime... more downgrades coming...
> US Economy is on an Artificial Life-support...
> Bush/Cheney Wars Costing $12 Billion A Month...
> US retail sales fall unexpectedly...
> US Foreclosure filings hit record...
> Video: The sub-prime securities train wreck...
> D.R. Horton Homes quarterly orders fall 40%...
> Investors’ flight from risk picks up pace...
> Bloggers Downgrade Credit Ratings Agencies...
> Video: US Housing Slump Spreads to Consumers...
> Video: Moody's cuts ratings on 399 mortgage-backed securities...
> Video: New Risks From the Housing Market...
> Home Depot hit by US housing slowdown...
> Video: US Housing Slump Spreads to Consumers...
> Mortgages resetting: Record bills coming due...
> Florida housing foreclosure future shock...
> Is the perfect financial storm unfolding before our eyes?...

 




TOP OF PAGE