redbaron

Cramer's Mad Money - Profits of Doom (6/9/09)

I agree with Cramers overall thoughts on the market as expressed here, but disagree on eBay's potential. Donahue has dug himself a hole, and I don't see him climbing out of it. I am a long time seller, long time investor, and I have successfully shorted the stock several times in the past few years. I have no position currently.

Bullish or Bearish, And Why?

Warren Buffet says that this is the time to be buying, as total market cap in stocks to GDP ratio (70%) is in the range where he says typically we have found a bottom (70-80% historically). He also says to buy when others are afraid and are selling, which also seems to be somewhere about in the here and now. No one knows everything, but Buffet is among the best, if not the very best. I would also echo the advice given above by MichaelD, to buy dividend paying stocks, and continue to collect those dividends. The recovery could be a some time in coming, but I prefer to be invested regardless because I can never time these bottoms right.