We've Only Just Begun - Cramer's Mad Money (10/22/08) [View article]
Obviously Cramer has now transitioned to being a Headline News Reporter. About as sensationalistic and accurate. He tells us that we've just begun the recession, while economists already know that this occurred in November 2007 or January 2008, depending on your indicator of choice. Our current time period is not the "recession start", but rather the hedge fund implosion stage of the contraction. Here is our Cramer, pimping Panera Bread, because people don't know how to make their own coffee, sandwich, soup and bread. This restaurant was a play on mall shoppers who needed a little bit more than a $5 coffee, to fuel their wasted day, buying their fortieth handbag.
These stocks are selling for 20-80% off of the prices that Cramer advised to buy them and now he cannot recommend this market. I guarantee you that once the market recovers, he'll stand there with his hands on his hips bragging about how he "kept you in the game". Oh, it's a game alright.
We've Only Just Begun - Cramer's Mad Money (10/22/08) [View article]
Torpedo Dry Ships - Cramer's Lightning Round (10/8/08) [View article]