Big on Credibility

Jim Cramer's Mad Money In-Depth, 3/18/08: ...And the Henry Potter Award Goes to...

So, I guess we should listen to Kramer's advice now (NOT!!!). Within the past week his call on Bear Stearns (when the stock was still about $60-70) was that everything was OK. You know how that turned out. And now you want us to believe him when he says the economy is aok/all is well. Give me a break. He takes no accountability for his terrible calls. ZERO INTEGRITY! Bear Stearns is only one of many bad calls. One can only wonder as to Kramer's motivation for saying all is well, get into equities as it's a good time to buy. I think not...inflation is coming in a major way...our dollar is being flushed down the toilet by Bernanke and Paulson...the Federal Gov't throws around $200 billion bailouts like they are pennies...the housing/mortgage mess is far from over...next it's job losses...a world of hurt is coming for our economy and equities. Does anyone who understands economics and has some real integrity think the Fed's policy is a good thing? It clearly is not. We are going down the same path that Argentina followed in the late '90s. And you know how that one turned out too. All to keep the Wall Street insiders from taking a bath on their equity bubble investments. So sad!