tom2987

Two Fight Back - Cramer's Mad Money (9/11/08)

[Comment removed and user banned for racial epithet. - SA editor]

Two Fight Back - Cramer's Mad Money (9/11/08)

He's been pounding on certain stocks with reckless abandon, one week he says one thing, the next 180 degrees different, BTW

WaMu: Why Core Deposits Matter

WAMU was one of the first to start reserving for the impending mortgage problems, the first to raise liquidity, now will be the first to dramatically increase deposits. They've been relentlessly punished by the media for doing so, but I think they are ahead of the curve in responding to the financial problems (yes, the ones they helped create). I've spoken to several people, family, coworkers, that have moved money to WAMU CDs in the last couple of weeks. I think people will surprised just how many new depositers they get.

WaMu: Speculative Value Play

Do you even remember Volker? Do you remember the Carter years?Volker has been saying the sky was falling for 30 years now. And he almost did make it fall in the 70's.

Greenspan misses the limelight and basically only gets into the news now by professing gloom and doom.

WaMu: Speculative Value Play

Great Article

Remember that WAMU has gone from the $40's to $4. I mean, come on. All the negatives that the shorties mentioned above have been factored in the price already in spades (and the rumors, exhuberant negitivity, etc) . Add Cramer and his non stop bla bla bla booyahing because he hates WAMUs MGT because they won't kiss his ass,, all the "oh me too" negative articles, etc. it's a miracle WAMU hasn't had a run on it.

This tells me people are starting to ignore the talking heads and realize it is the US's largest savings. There won't be a run on this bank. Too big. Sure, it made some errors, but it's working it's way through them. Go long.