NT tried to warn you guys
8 months ago, now Cramer is finally saying what NT has been saying all along. But you don't hear it from MSM or Jim Cramer until the markets are
down 20% and we've had
5 bank failures.Read the Bold text at the bottom regarding adjustment of prices... I thought EVERYONE was saying the market was already adjusted??
MoneyNews
July 13, 2008
Jim Cramer, the often loud and always bullish host of a popular CNBC show, is now bearish.
Cramer frequently tells his audience that he believes there is always a bull market somewhere, and it’s his goal to help them find it.
“But this time is different; it’s doom itself,” Cramer recently wrote in New York magazine. “In 25 years on Wall Street, I have never seen things this bad.”
Cramer is a former hedge fund manager who delivered a compounded rate of return of 24 percent for 15 years at his firm, Cramer Berkowitz.
His investment advice is always very specific, and he is also clear about what he sees over the short term.
“Sell everything. Nothing’s working,” he writes.
“Revisit when the prices are adjusted for a big recession, soaring inflation, and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: short it,” said Cramer.
