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“I think it’s becoming increasingly apparent that we won’t get a deal in time...

“I think it’s becoming increasingly apparent that we won’t get a deal in time for the January deadline,” says CNBC's Jim Cramer. Claims by the President and Speaker Boehner about a deal getting done by Christmas are just "a lot of hot air." Partisan differences are getting worse, not better, Cramer warns, so get ready, because our lawmakers are about to send us over the fiscal cliff.  His recommendation: Sell your big gainers by the end of the year and "save a ton" on taxes.
Comments (18)
  • Fear & Greed Trader
    , contributor
    Comments (4547) | Send Message
     
    Saw his proclamation this morning and he suggested the Dow needed to drop 1000 points to get politicians attention. Obviously Mr Cramer went net "short" before he made this proclamation !! So tired of these "talking Heads" .

     

    Watch as he changes his tune in the upcoming days.
    CNBC needs to remove him from his AM stint on the show, he adds nothing of value.

     

    28 Nov 2012, 08:26 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    F&GTrader: Some advice: Don't listen to the punditry on CNBC or broadcast TV or read in the print. There is always an agenda, or showmanship, or both.
    28 Nov 2012, 11:24 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4547) | Send Message
     
    White,
    Point well taken , now i use the pundits as another tool , when they voice their opinion and pile on one side , I will avoid or go the other way !! LOL Case in point i was fortunate to pick up some AAPL at $515 when all, including Cramer pronounced that the "story was over"
    Best of luck with your investments !
    29 Nov 2012, 09:31 AM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    If Cramer's getting bearish, it's time to get bullish... as hard as that is for me to admit...
    28 Nov 2012, 08:36 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    I think he deserves a sound "whatever".
    28 Nov 2012, 08:37 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    Market is now entering a late stage suffering from Schizophrenia. One moment at the lips of Reid it went down; the other moment at the lips of Boehner it went up.

     

    Sad though.
    28 Nov 2012, 09:06 PM Reply Like
  • lungman
    , contributor
    Comments (137) | Send Message
     
    There are different points of view on the fiscal cliff. Cramer has his own. Time will tell if he is right or wrong.
    In his defense, he is of the few analysts who has to disclose his stock decisions ahead of time. He is also does a lot of homework before trying to explain his recommendations. Like all humans he is not perfect.
    28 Nov 2012, 09:07 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4547) | Send Message
     
    Lungman,
    If you are talking about his evening show , i will agree with you , he makes his recommendations and presents some good ideas. However in the AM he is a different person, waffling in the wind from day to day ..
    28 Nov 2012, 09:10 PM Reply Like
  • chopchop0
    , contributor
    Comments (3135) | Send Message
     
    He waffles, even on his show. Recently he lauded UTX's acquisition of Goodrich, when he initially trashed it when the acquisition was announced.

     

    He likes to look back and say how he called the bottom of 09 when a look back at his show transcripts suggest otherwise
    28 Nov 2012, 09:37 PM Reply Like
  • Van Hyder
    , contributor
    Comments (162) | Send Message
     
    Chop - I was re-reading The Intelligent Investor last night (one of the revised editions) and found this Cramer quote in the introduction, "In Feb 2000 hedge-fund manager Cramer proclaimed that Internet-related companies "are the only ones worth owning right now . . . you have to throw out all the matrices and formulas and texts that existed before the Web, if we used any of what Graham and Dodd teach us we wouldn't have a dime under management." He isn't always a "fade trade" but he is more times than not in my view.
    28 Nov 2012, 09:46 PM Reply Like
  • chopchop0
    , contributor
    Comments (3135) | Send Message
     
    Yup.... and let's not forget the infamous Bear Sterns one
    29 Nov 2012, 12:00 AM Reply Like
  • WallStreetDebunker
    , contributor
    Comments (2276) | Send Message
     
    Cramer is the John Kerry of the stock pundit world.

     

    "I actually did vote for the $87 billion before I voted against it."
    -John Kerry
    28 Nov 2012, 09:41 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (2472) | Send Message
     
    A leap back in time 1 year ago... RSH was at $10/share and he "pounded the table"

     

    A leap back 2 years in time.... MOTR buy buy buy

     

    He is only human...if you do your own homework and make your own decisions you can do better than his picks
    28 Nov 2012, 09:52 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    Hey, remember his AMSC call? LMAO.
    28 Nov 2012, 09:54 PM Reply Like
  • rambler1
    , contributor
    Comments (398) | Send Message
     
    I can't believe I actually agree with what he's saying. As for his show he should do it with a little more class like Louis Rukeyser did with Wall Street Week, and only air once a week. It would be easier to follow his ADHD mind.
    28 Nov 2012, 10:36 PM Reply Like
  • WallStreetDebunker
    , contributor
    Comments (2276) | Send Message
     
    His show should add two more pundits who look like Curly and Moe Howard. Instead of using tiresome cow, bear, & train sound effects, the Three Stock Stooges could do eye-poking, ear-pulling, and hammer punches to punctuate their stock picks and pans. I'd actually watch this new show format.
    28 Nov 2012, 10:54 PM Reply Like
  • Skull & Bones
    , contributor
    Comments (59) | Send Message
     
    Whether or not you believe anything Cramer says, he does appear to be right about the timing of a Fiscal Cliff deal. Politicians here in the US have been taking notes from their EU counterparts on how to delay important financial decisions, like Greece, indefinitely! When things get serious you must simply lie about details like the timetable for a Fiscal Cliff or Debt Ceiling Deal.
    28 Nov 2012, 10:50 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Been mostly dry powder because i really don't think whatever deal they come up with will be enough..

     

    Watching silver as it really isn't moving much downward, and seeing gold in vaults being leased out..

     

    The tipping point has passed, advert this crises??? Not happening except for traders trying to make a quick buck..

     

    Not going to fool me, they will rejoice of a deal just like they do in Europe and we see how that is working out !
    28 Nov 2012, 11:03 PM Reply Like
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