Cramer on BloggingStocks: Boneheaded Fed means more pain ahead

I dissagree. Wall Street needs to deal with the pain for under pricing risk. It is the only way for the market to learn and structurally improve integrity. Your mindset can only look at how to survive one more day and that is very typical of the trader mentality. Wealth is transfered and not grown more with the constant bailout mode and I think your circus TV show is just that anyway - a circus act. Your investing record sucks too. I'm sure everyone at GS cringes everytime you mention that you are an ex GS guy (100 times daily it seems).

Agree with Cramer. Our country continues to ignore our problems...health care cost , the IRAQ war, China and ChinaMart( Walmart ) our dependence on foreign energy needs and illegal immigrants.

How lucky we are to have Cramer giving us advice,he knows so much why don't they elect him to be the fed chairman or if that is not possible at least give him a 24 hour television show so he can change his mind every hour instead every other day. Way to go CNBC!

I use to think the purpose of the Federal Reserve was to keep inflation in check and to sustain a strong dollar. Now it seems they are pandering to the stock market. Of course I car about the market but I care more about America's achilles heal..... The debt. Our Federal government has got to cease spending money they don't have.

Why should the fed bail out companies that made bad moves on sub-prime credit. If I invest in a stock and it goes south, should the fed help me. No and it won't and it shouldn't.

Eli

What an idiot. As if one quarter point more was going to stem the tide of bad debt and solve all of our problems. Gimme a break, this guy is just a headline grabber.

I was always taught to take care of family first. Then give to others. Why are we taking care of other countries and ignoring our own problems. Are we NOT family first? 1.5 Billion lost (in arms and ammunition, etc.). Wonder how many kids that would help (cure) to quiet their cries. Are there only certain kids that dont get sick, cry or get hungry. We have to get real. Take care of your own problems first!

Everyday when I get up I watch all the stock programs, and from what I can see everything is related to the stock market, like it is a GOD, no one cares about the bond market, or interest rates for that matter, you will notice that "Ben "did not start lowering the rates until the stock market started to tank a little, that is everyone's only goal. I don't know why people can't see how things really work.

For instance last week when the jobs number came out (which was a weak number, considering that it should of been bigger because of Holiday Help) and based on that number the 10 year bond rate sky-rocketed, only because they wanted to jack it up so that when the Fed dropped it we would be right back to where we started......it's sort of like the gas, the price of the barrel has increased so much but yet when the barrel was lower the pump price was higher....doesn't anyone see how we are all being manipulated?????Or doesn't anyone care......I do.

Lots of excesses have to be worked out of the current market. Hang on....2008 ought to get interesting to the downside!

What is the future of MOT, if any?

The so called tech drive seems to have left ORCL
in the starting gate.

I agree with Cramer most of the time. However, I don't agree that the Government provides the answer to the financial mess The American public finds itself in because of wall streets and the banks greed. Government should stay out of bailing out CEO who made bad investment decisions. Lowering the interest rates only creates more wealth for the banks because those differentials in interest rates are absorbed by the banks to fatten their bottom line and are not passed on to the borrowers. Let the free market forces work. Government needs to focus on the National Defense, legal and illegal immigration (We can't continue to let everyone who wants to come here, whether invited or lured by job opportunities not available in their country to come to our country.) and the balance of trade between China and the U.S. We are slowly becoming a third world country and our people are suffering while we continue to pour money into foreign countries at a precipitous rate.

I can remember in the not too distant past when a small rate cut would really excite the market. So what happens after the rates have been cut, and cut, and cut and there is nothing left to cut??

The real bonehead is Cramer himself. What does free market economy mean when we try to prevent market forces from correcting the market? You cannot have it both ways, the Fed should determine rates to combat inflation and protect the value of our currency and not to bail out greedy bankers and fools that bought homes they canot afford.

Cramer and the whole bunch is nuts. While
bail out the rifraf that tried to screw the public.
Let them sink

I do enjoy Mr Cramer occastionally, however taking direct shots at the Federal Reserve and Chairman Bernanke are ill advised at this time. Mr. Cramer I believe is a bit too self serving, 1/4 point rate cut is not the issue, massive debt management and a world wide credit problem is the issue. Let's give this group an opportunity over time to solve this significant economic proble, and just have Mr Cramer stick to his game of mad money/

The Jim Cramer's of the financial world are what is WRONG with our present day free market system. Guys and Gals like him are gambling junkies, they just save on hotel and rent-a-car costs by using the market instead of taking a few weeks in Vegas or Atlantic City. You shrieking pinheads on TV are a joke! Just because your "take" from gambling is taking a hit, stop running around like Chicken Little with Henny Penny and Ducky Lucky in tow - screeching about how the sky is falling. In the professional sports world, pinheads like you were advocating Brett Favre retire two years ago - LOL - shows how much you "experts" know.

Let them eat cake.