richjoy

Prepare to Sell Monday - Cramer's Mad Money (9/19/08)

Mr. Cramer may be smarter than he appears...but I just can't take seriously anyone who screams, uses rediculous sound effects, and generally acts like an idiot. For me, investing is a very serious business...not entertainment.

Bond Expert: Monday Outlook

On the contrary, I think trading volume will be very heavier. I agree there will be volitility, and a tension between the bottom-seekers and those wanting to get out of their positions on price improvements.

However, in the bigger picture, what has happened?...FNM and FRE have been bailed out, all our other problems remain.

So at 4pm, I expect the market to have come back to only a modest gain.

Rescuing the Drowning: $15B on the Way to Freddie and Fannie Mae?

1) I hope the story is true (the 'window' story on Friday was not true)--this situation can't be allowed to bring down all confidence in the GSE's, the financials, and the markets.
2) The announcement needs to be made before NY opens on Monday.
3) Any bailout should NOT protect the owners of FNM and FRE (that's the shareholders if you didn't realize it).
4) We are in a recession, and we will still be in a recession after this announcement; but relieving this situation will remove a source of potential U.S. market panic which could also reach worldwide.