I don't know about your part of the country, but here in Wisconsin, some Realestate Agents alonge with the Banks that sell forclosed homes here are forceing buyers in to Bidding wars, just to up the selling price of homes to get a bigger comission..Hope they get caught!!

Jim Cramer's "salavation" will be his contributions to cleaning up the market and helping to get INTEGRITY instill in the markets by getting INTEGRITY in the corporate financial reports . . . no more "crative accounting practices", no more "derivatives" or the newly touted "absolute-return funds", etc.

Many people are trying to claim that we shouldn't acknowledge the "bad" in the market or the manipulated corruptions, etc. However, by exposing these problems, it makes it difficult for these unsound and.or fraudulent practices to prevail, or even exist in the market place.

It will be a long time before the economic activity ever, if ever, returns to the levels of the past during the prior phony economic boom. The management and the work force in the FIs and the markets/funds will be significantly reduced due to the decrease in economic activity. That is just a hard fact of the reality of the overall situation.

it is totally unrealistic to expect the employment levels in the economic sectors to not to contract significantly. Prudent and reasonable americans are not going to invest in manipulated and "corrupt" markets and funds or in corporations that are being led by the CEOs and management who orchestrated and perpetuated the BLATANT FRAUDS of the past that undermined our national economy and defrauded so many Americans.

I certainly have no more empathy for these to-be-unemployed "Wall Streeters" than I have for those Americans who have become unemployed or defaruded by these Wall Street firms.

I think that Jim Cramer can play an important role in instilling INTEGRITY in the markets and funds. Who better to expose these scams than a guy who used to be one of the successful Wall Streeters.

Zac, I don't think Cramer went on TDS to offer his mea culpa! His mea culpa was only a result of a proper smacking by Jon Stewart who broadcast a video of Cramer discussing how he used to manipulate the markets when ran a hedge fund! JC was left whimpering like a child in one of the most uncomfortable moment of TV I've ever witnessed. How he can remain in public life after that is a mystery.

Gotcha!!! Typical liberal journalism by Jon Leibovitz (real name.) I don't trust anyone who is embarrassed of his real name and heritage. Leibovitz is a left wing moonbat phony.

Jim Cramer is irresponsible, not because he's dumb, but because he makes too many recommendations that are largely based on his "gut" feeling. He touts his credibility when he's on CNBC, but his record is very poor and he isn't accountable at all when he's wrong. Pointing to one of the times "Cramer got it right" and even that's dubious is to not follow Cramer with any regularity. Look at what he said this July on the Regis and Kelly show. Cramer is smart, but an "idiot" ... sorry.


July 25, 2008 on the Regis and Kelly Show

Regis Philbin: These are tumultuous times

Jim Cramer: I was incredibly negative a year ago. I came on July a year ago. I said don’t buy a house. Don’t buy stocks. I was very worried. I am now the exact opposite. Everyone else is worried.

I am feeling pretty darn good about things. Gasoline’s going down. It will be at $3.50 in 2 weeks. Your house price is stabilizing. Food’s coming down. I’m a buyer! I’m a buyer! I’m a buyer!

Regis Philbin: Is this the time to buy a house?

Jim Cramer: I want to buy not one house. I want to buy 2 houses. I wanna go…I’m going out to California in another month and a half. Prices were up very big there; looking at the Palm Springs area. Prices down 2/3rds [Wrong!]. When are we gonna wait until we are down 100%?

Kelly Rippa: Isn’t it time for Regis to buy Joy that vacation home she’s dreamed of on the Florida beach? Isn’t it time for Regis?

Jim Cramer: Well, no. On the west side it’s already moved up. It’s too late. Can you believe it? East side, east side is there, 50% down. East side, I want you to go down with me and we go buy a couple. Go buy a couple!

Jim Cramer has been a bouncing ball in the opinion area and, as such, was asking for trouble. Our politicos do this all of the time and it always comes back to haunt them. You cannot have two distinct different positions in short periods of time and expect to remain credible.
While this blog states that his opinion on housing was negative in Sept. 07, there is no mention of what it was 6 or 8 months prior. I don't have to guess as I know it would have been positive. I would also like to point out that only a very dense jackass would have been positive to real estate by Sept. 07. So, being negative at this point does not say much.
Let's take this a little further - what is Jim's prognosis for the near future? Do we wallow in a recession or will there be a re-bound? When will this bottom?
My take - bottom June. Sept. = depression. Why? Because summer is coming and with it a lot of bad weather that will drive the price of food, set off inflation, drive the stock market down to new lows which in turn will continue to exert further financial pressures on things like retirement funds and State budgets.
Get the picture? Go ask Jim and lets find out who is closer?

Take a look at Jim Cramer's MSFT recommendations over a 2 year period. You can see that he flip-flopped quit a bit and likely lost viewers money.

http://www.stocktagger.com/2007/07/jim-cramer-microsoft-corporation-msft.html