John Lounsbury

Cramer's Mad Money - When the Facts Change...(10/23/09)

Maxe - - -

Perhaps Cramer is riding on the coattails of Doug Kass, another Real Money contributor who called for a market bottom within three days on March 2. He missed by two days, but still stood by the call on March 6. www.thestreet.com/stor...

Doug reiterated his position on March 9 and before the market opened on March 10. www.thestreet.com/stor...

Again after the market closed on March 10, www.thestreet.com/stor...

Doug continued to make bullish calls until late July, when he started to counsel caution. www.thestreet.com/stor...

His bearishness has increased since, as he has been recommending a mix of long and short positions.

I have not followed Doug historically, to my regret. I will pay attention in the future.


On Oct 25 09:35 AM Maxe Paul wrote:

> Surely this article is a joke?
>
> Cramer called the bottom now?
>
> Cramer called many false bottoms, (my favourite was the one on bear
> Stearns at $50!) and never managed to call a top ever?
>
> I am the only person who called the exact bottom, so far.
>
> Here is my comment two weeks before the bottom seekingalpha.com/autho...
>
>
> Here is my prediction on March 3 seekingalpha.com/autho...
>
>
> Seriously, show me the transcript where Cramer "called the bottom"?
>
>
> Cramer, you are a complete stooge.....again!

Wall Street Breakfast: Must-Know News

Should we start looking at whether or not we might be allowing some drug companies to become "too big to fail"?

Economies of scale are good to a point, but when these "economies" freeze out competition, the resulting behemoths can become anchors on the economy because lack of competition allows them to become obese and prone to manipulation by the few for their own benefit.

Wall Street Breakfast: Must-Know News

captainjohann - - -

You correctly point out that supply and demand for oil have not changed much in the past few months. The emphasis is on the word much. Several months ago the oil markets were priced for a continuation of the uptrend in consumption that has characterized the past few years. That uptrend has slowed, possibly leveled out temporarily, and this could last for some time, depending on the nature of the anticipated recession.

Oil has come down because a growth premium was priced in at $140. All the wat through the rapid rise in oil many experts were saying that the current supply and demand warranted only $50 to $80 a barrel, depending on which expert you listened to. Now that anticpated rapid consumption growth is being taken out of the pricing assumptions of traders (for the time being), oil should come down closer to that $50 - $80 range. If past patterns are repeated, oil may well dip below $50 because overcorrection often occurs.

Wall Street Breakfast: Must-Know News

captainjohann - - -

Oil prices are not directly related to the bailout package. Oil has been dropping, partly because current demand is reduced, and partly because the market is forward looking to a recession, possibly worldwide, that will have significant length and depth. Demand will remain depressed into the bottom of any worldwide recession.