leh

Worst Downgrades - Cramer's Stop Trading! (9/5/08)

Cramer's just trying to defend his precious bottom call on the financials from July--good luck with that. And what makes him so sure the hedgies are done with liquidations? Sure, he has some roots and contacts within that world, but tell me any of these sharks are going to share any kind of valuable information with a human bullhorn like Cramer and I have a few financial stocks I'll sell you real cheap named Fannie and Freddie.

I'd guess a technical sucker bounce here, then seriously lower through October--all this manic bottom picking is making me nauseous. NO one knows how many more hedge funds and/or banks are going to blow up over the next few months, and Doug Kass's recent bottom call is so hedged that it's virtually meaningless, at least without a time context.