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CNBC's Cramer:"we are six months away from you seeing the genuine prosperity that I am forecasting"

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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:21 PM
Original message
CNBC's Cramer:"we are six months away from you seeing the genuine prosperity that I am forecasting"

http://www.cnbc.com/id/36465646

Cramer: We’re Six Months From Prosperity

The market is never late, Cramer said Tuesday, it’s always early. And given the way stocks are acting now, he thinks we’re in for a great end of the year.

Cramer said the market is about as close as we’ll get to a crystal ball, and what he’s seeing right now is job creation. He specifically pointed to the import figures released this morning, which indicated so much demand that increased hiring is virtually inevitable. After all, someone’s going to have to make the goods being ordered.

...

Beyond stocks, Cramer also said he thinks the economy is so robust, TARP has been such a success and tax receipts will be so much higher than expected that the budget deficit won’t be half the problem people are predicting.

Of course, these predictions can’t be seen yet. Outside of the market, that is. And Cramer thinks it will be obvious by the end of the year that the recession has ended and the recovery’s in full swing.

“The turn is at hand,” he told Mad Money viewers, and “we are six months away from you seeing the genuine prosperity that I am forecasting.”



Of course Fox will be reporting it as the great Bush recovery:

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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:22 PM
Response to Original message
1. Knowing Cramer's track record that means were 6 mos from the crash
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Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:38 PM
Response to Reply #1
16. LOL...no kidding.
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Deep13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:23 PM
Response to Original message
2. We're fucked.
:-(
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Ishoutandscream2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:27 PM
Response to Reply #2
5. Seriously screwed!!!
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:13 PM
Response to Reply #2
13. Yes, sir, we are
wholly and deeply screwed, and Cramer's proclamations of prosperity are a definite signal to run and hide.
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meegbear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:23 PM
Response to Original message
3. Just a Freidman away from prosperity!!1!
Happy days are here again!
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rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:59 PM
Response to Reply #3
19. Good to see the friedman unit being used. And this looks like a proper application
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ZeitgeistObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:26 PM
Response to Original message
4. Cramer will probably spend the rest of his life
regretting that remark.
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gmoney Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:29 PM
Response to Original message
6. The "Bush Recovery" from the "Obama Recession" eh?
That man never fails to astound me.
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no limit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:31 PM
Response to Original message
7. And here I had high hopes for our economy. Fuck!
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tkmorris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:37 PM
Response to Original message
8. Yummy
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Johonny Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:42 PM
Response to Original message
9. didn't he predict the market would go down after HC passed
Cramer is kind of odd. He's smarter than his stupid TV persona appears. On the other hand he clearly dumbs down his info to met the expected market place for his ideas. If he actually talked honestly and openly about the market he'd probably be worth listening too. However he get's paid to hype and overreact so...
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:48 PM
Response to Original message
10. Depends on who he means by "you" now, doesn't it?
When the rest of us are truly and seriously fucked, there will be one guy or one small group of guys who will be making out like Don Blankenship after a slew of safety citations. And those are the guys Cramer is referring to when he says "you".
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Initech Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 02:51 PM
Response to Original message
11. So does that mean if Cramer comes out of his bunker and sees his shadow
We have six more months of recession?
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peace13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:06 PM
Response to Original message
12. Fool me once ....shame on me. Fool me twice, I'm a dumb *ss.
Cramer, you are just trying to suck the last dollars out of the pockets of folks who still believe in good luck.
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Deep13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:29 PM
Response to Original message
14. If Cramer is optimistic, then all I can say is...
Game over man!

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DefenseLawyer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:36 PM
Response to Original message
15. Hopefully Cramer isn't getting advice from Lenny Dykstra any more. n/t
Edited on Wed Apr-14-10 03:40 PM by DefenseLawyer
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JamesA1102 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:40 PM
Response to Original message
17. We're dommed!!!
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tularetom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 03:46 PM
Response to Original message
18. I'm selling everything!
Gonna put in a stop loss order to my broker right fuckin now.
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truebrit71 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 04:03 PM
Response to Original message
20. Translation: Short the market...
...this guy hasn't figured out that water is wet yet...
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ikri Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 04:19 PM
Response to Reply #20
21. He knows what he's doing, no doubts about that
There is a very large question mark over his advice though.

If the allegations on Deep Capture involving him are true then he's up to his neck in some very dodgy share dealing.
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