Pessimistic Optimist

Trade Down Play - Cramer's Mad Money (10/15/08)

If you got out about a month ago good for you. If you rode the 1000 point down coaster bottom feeding will have a whole different meaning to it. If you are still in, you must have cold liquid steel in your veins. I have graduated to that position of loosing one third of my retirement savings in a 457. I will not need it for 7 to 10 down thew road but geze.. tough pill to swallow. I guess my saving grace was averaging down.
Now we segway to Cramer. He does that and I can see the methods to his madness. I have been doing that for 25 years not really thinking about it. Buying on the cheap isn't all bad. No money lost as I haven't pulled any. I suppose another 8 to 10 year before I need it will not hurt.
I continually hear about the bottom Cramer called. Looks like he was wrong.He owned it. But he also called 8000. I know because I pulled out of my hobby stocks prior to the poleaxing. I said it before and I will say it again, I am glad he is there.
By the way, did you see him with Boone today? Pretty cool. Oretty funny too. To bad it wasn't under a different situation. Boone has a great sense of humor. He is a General. Some of you hope Cramer goes off the air. If Boone goes to Washington with his march, Cramer stated he would take that day off Mad Money and march with the masses. So haters cross your fingers for that day. You could get your wish for one day.
Get Warren on there and I think you have three of the most influencial men in the stock market. I know there are some others but that is a good start. Oh and while we were mentioning the bottom, I have also heard many others call a bottom but they are never mentioned. Just Cramer. Why is that? Does it have anything do do with the fact that he is the most visible, in your face realist the stock market has going for it? I like the guy. I will not follow every move he makes or says to make but he has taught me a great deal about and for that I appreciate him.