jimmy Turano

Preview from Europe: Fear Trumps Hope as Dow Falls Below 8,000

Jan.21st. DOW 7949
JIMMY T VS. CRAMER
Author: Jimmy T
Date Posted: 7:42 AM ET on Wednesday, January 21, 2009 PREDICTWALLSTREET

JAN.6TH ARTICLE-FOUR PART BY JIM CRAMER-"BULL MARKET" ON THE DOW! THEN THE DOW WAS OVER 9,100 AND I TOTALLY DISAGREED AND POSTED SUCH ON HIS SITE.*TODAY THE DOW IS AT 7,949 PROVING MY THEORY & PROBABILITY WAS MORE REALISTIC, AS A NOVICE INVESTOR/RESEARCHER, THAN MR. CRAMER.
THE BIG DIFFERENCE IS, HE IS FAMOUS, AND HAS A T.V. SHOW, BUT BECAUSE OF THAT, PEOPLE IN GENERAL, ARE INFLUENCED BY HIM WHEN MAKING INVESTMENT DECISIONS.*SOMETIMES POWER GOES TO ONES HEAD, AND EVEN WITH AN "ALL STAR" TEAM BEHIND HIM, I HAVE PROVEN THAT HE CAN MAKE MISTAKES LIKE ANY OTHER HUMAN BEING. SO HOW CAN A NOVICE INVESTOR LIKE MYSELF BE RIGHT AND MR. CRAMER TOTALLY WRONG? SIMPLE! I STATED JAN.6TH THAT THE DOW IS TOO VOLATILE, UNSTABLE, AND MORE LIKELY WILL TEST NEW LOWS FROM LAST NOVEMBER 2008 BEFORE IT BEGINS A NEW BULL MARKET. IT IS SO LOGICAL TO ME WITH CONTINUED BANK FAILURE ANNOUNCEMENTS, CONTINUED SCAMS ON WALL STREET, A WASHINGTON SPENDING SPREE LIKE A DRUNKEN SAILOR ON LEAVE, A NEW PRESIDENT WHO ADVOCATES MORE SPENDING AND SPENDING THE MOST MONEY IN HISTORY ON AN INAUGURAL THAN ANY OTHER PRESIDENT WHILE WE ARE IN A CREDIT CRISIS, UNEMPLOYMENT HEADING TO 10%, AND FORECLOSURES LIKELY TO DOUBLE IN 2009.****IF EARNING REPORTS ARE NOT GOING TO BE GOOD ESPECIALLY THIS FIRST QUARTER, HOW IN THE WORLD CAN JIM CRAMER CALL FOR A BULL MARKET ON THE DOW AT THIS TIME, ON TOP OF EVERYTHING ELSE?

Keywords: BE INFLUENCED BY LOGIC RATHER THAN T.V. PERSONALITIES!