Cramer on BloggingStocks: This brutal market has shades of 1987

Time to buy good companies stock & hold, Jim.

OBAMA'S SQUANDERING AND PANDERING ARE NOT WHAT WE NEED NOW - OR EVER!!! He's a fat-cat Chicago politician who knows all about taking - and spending taxpayer dollars. Millions of dollars as Senator and City worker - soon Billions and Trillions as potential President. He has NEVER signed a check to employees or created a business budget where he was personally accountable. In fact, he wouldn't be hireable based on his squandering record and fiscal mismanagement... people please take a look at the multimillion dollar overhead projector he made possible for a Chicago institution - then take a look at the $200,000 that Obama received from this very same institution in campaign contributions. What a Liar, Fraud (see the ACORN records). He's not fit to be the President, let alone a public servant. He's not even fulfilling his work obligations in the Senate - while collecting his Senate pay - not that he needs it, he's got the entire Hollywood/liberal media conundrum serving him up as if he were the "Messiah". He is not...he's not even a man of honor. Integrity? He left it behind in high school under the tutelage of a Poet/Communist named "Frank" whose real name is Frank Marshall Davis (see Obama's own bio book).
NOOOOOOOBAMA

Well, a pack of cigarettes is now worth more than a share of GM. What shade is that?

You are part of the problem, telling ever one to sell. Shutup for a while.

FINANCIAL CRISIS: THE MUSICAL
The economy is no laughing matter. But this parody about the economy is.
Check it out at: http://www.youtube.com/watch?v=henMX35nkJg

don't worry obama will take care of every thing with his magic wand and his big mouth, don't forget to vote for him, andy you will be happy forevery!

If your still in the market tonight you know what to stay away from.....I just cannot pass up the best buying oppurtunity in a long time just because I might lose 10%........somebody talk me out of it......not

The bottom is next week.


http://www.petergottschall.com/stock_market_crash_blog.html

Oh dear suckers, if you just focused on the housing problem not being anywhere near resolved you would think twice about jumping in this market right now. If you for one minute think you're going to make a fortune and believe that this market is going to bounce right back up you are nucking futs. We have multiple problems happening at once like never before. If you were smart enough to see this coming and were out before the market tanked then you should hold off for a while because it is going to take years for this market to stage a come back. It's getting so bad that Mexico has closed it's borders trying to keep the illegals from coming back. That was a joke, but may soon be a reality. And last, but not least, for Mr. Cramer. Did you actually have to go to college to get your job? If so, God help our schools.

Jim, it looks like the global market is having a heart attack and the economy is in defibrilation. What would any Dr. do to fix it? Wouldn't they shock the system with something bold and unexpected? What would a "Peace Dividend" do to the global economy? What if America decided to end the war in Iraq? Would that shock the market back to health? Clear!

As I write this, the markets are waiting for the President to come out with his plan to stem what is happening in the markets today.

I for one hope that he understands that the market does NOT need more government intervention

What the market and the global enconomy need are confidence and money

With confidence in the system and money in their pockets, the people will start depositing their money in banks again and investing their money in the markets again

Now you're probably wondering how we're going to accomplish that and it actually is very simple

First we have to agree that the only part of the global economy that is faltering is America and our fellow countries that have followed our lead when it comes to our strategy

The oil rich countries (with the exception of us because of our drilling policies) are not having a credit problem

Now why is that ?

Could it be because we are sending them 700 Billion dollars in cash every year for oil and taking it away from the tax revenue that we need to run our country ?

Could it be because we are sending them 200 Billion dollars in cash every year as wages and taking it away from the tax revenue that we need to run our country ?

Ok, lets assume that these things are correct

Now why are we doing that ?

We are sending them money for oil because we have allowed special interest groups to cripple us with their demands instead of doing what we need to do
We are sending them money for wages because we as investors want more profitable companies no matter who gets hurt so that we may make money with our investments, not realizing all the while that we are actually crippling ourselves

Ok, now that the finger pointing is done, what do we do to fix the problem and restore the global economy and restore faith in our banks and investments ?
1. We drill
2. We mandate that in 5 years we will have an energy source that will be driving our cars that does not rely on oil. Don't tell me we can't do it. Hell we put men on the moon and launched the largest fleet the world has ever seen in WWII
3. We bring our jobs home as this will give Americans more money to start investing in our future again and our fellow countries will follow our example because we fessed up that we made a mistake and that we're correcting it and it is working
4. We grow some big cajones and we do the above 3 steps and this ship will right itself virtually overnight


And one result that you might not expect will be the fact that we will be destroying terrorist extremists because we will be removing their sources of income by stopping payments for oil and by stopping payments for wages that we need here in America.

Lets stop the finger pointing and get the government out of our markets and lets grow some big one's and do the right thing and take care of America and let our fellow countries do the same thing in their countries

It really is that simple


Virgil Bierschwale
http://www.KeepAmericaAtWork.com

I don't see how anyone can follow your advice. You are spewing out information without checking the facts. You seem to be manic-depressive. I think you are out for yourself Cramer and not good for the country or anybody for that matter. It may be best for you to check into a mental institution. I really mean that.

There certainly seem to be a lot of similarities to 87. The good news from that comparison is that hopefully we will not experience a lengthy recession/depression

Options Guy
http://www.HedgeFundJobList.com