Jim Cramer (aka Bozo the Clown) Declares Depression is over

I don't trust this guy 1 iota. I think he's trying to do whatever he can to get the "small"

investor to jump back in the market. He wants to start a self-fullfilling prophecy

by swamping the markets with buys. His fawning admiration for Geitner is

sickening to listen to.

What bothers me most (at least, at the moment) about Cramer, is his willingness to talk about Nobel Laureates like they know less about the economy than he does. That should send up major red flags for all of his listeners.

Interesting that they're using the "D" word now. If anybody really thought that it was over, they'd still be calling it a recession.

[edit on 17-4-2009 by theWCH]

This man makes me mad. Why is he still on TV? Didn’t Jon stewart kick his ass? People need to start boycotting MSM. I'm tired of CNN, stupid Fox News, and Msnbc... Univision does a better job reporting the news than this multi billion dollar organizations.

reply to post by theWCH


Thats quite true.

But they do not know how to trade a market like he does.

He is off camera a much different person than on camera, and knows how to steal your money with ease.

Even though he says he doesnt do any charting or TA, this guy is a genius in that as well.

reply to post by Seany


He does like he is told to do, he say what he is told to say, because he after all is a TV star and he gets pay to act.

And acting is what he does best.



[edit on 17-4-2009 by marg6043]

reply to post by marg6043


I agree 100% , well said

Hence my bracketed name for him

Wow , 39 more needed , im all in a fluster....

Hearing Jim Cramer talk really makes me sick. How can he say that the depression is over? Things are still getting worst.

He's a person that can't be trusted.

Jim Cramer has been all over the political spectrum. In college he was a Marxist:
en.wikipedia.org...

He graduated from Harvard College in 1977. At this point in his life, Cramer was a staunch left-winger, naming his plan to revitalize The Harvard Crimson, the school newspaper, with inspiration from Lenin's "What Is to Be Done?"[2]

What Is to Be Done? (Russian: Что делать?) was a political pamphlet, written by Vladimir Lenin at the end of 1901 and early 1902. The title is inspired by the novel of Nikolai Chernyshevsky with the same name. The piece called for the formation of a revolutionary vanguardist party that would direct the efforts of the working class. Lenin thought that, left to their own devices, workers would be merely satisfied with "trade unionism," and that only a revolutionary party could direct a "scientific" socialist revolution. "The history of all countries shows," he wrote, "that the working class, exclusively by its own efforts, is able to develop only trade-union consciousness," that is, combining into unions, etc. Socialism, however, is the product of the intellectuals.

He certainly wasn't a capitalist then.
The best way to describe him is PHONY.
I don't know how anyone can believe anything he says.

They are finally admitting that we are in a Depression and not a Recession. I like Crammer he is educational and entertaining at the same time.

I am at the bottom, I work for a construction supply company along the puget sound in Washington State, last 7 months we were a total ghost town in the warehouse with actual tumble weed rolling through, but now things are getting busier. Housing materials are flowing faster and faster each day now. We as a company believe that the housing market is now getting much better. We are actually looking at it becoming more strong than early 2008.

If I were to put my investments on it, I agree the depression is over and the worst is behind us, and the economy will grow many times more than early 2008 levels. What we just went through was a serious controlled correction !

Be prepared to get re hired and make more money than before within 3 months.

"aka Bozo the Clown". I gotta hand it to ya Seany, I blew my Pepsi all over my monitor when I read that line. From this day forward, I shall refer to this idiot as Bozo Cramer, but I'll always give you credit for coining his new nickname.

I watched the video you provided, but in all honesty, I couldn't bear watching beyond about the 2 minute mark. I was watching this clown back in the day... about 1988 and he was yelling and screaming back then just as he is today. But as one poster here said, Bozo is just saying what he's paid to say. But c'mon, how does a clown sleep at night when he's purposely leading innocent (albeit totally naive) investors down the garden path that merges into the path of an economic train wreck? Obviously, he's a simple minded, clueless minion for the cabal.

He has to be completely off his rocker when he says the depression is over. First of all, the MSM doesn't even admit that it has started.

But in reality, it hasn't even kicked into 2nd gear. I hate to say it, but it's gonna get so gad damned bad that as of today, the majority of people can't even imagine how awful it's gonna get. And Bozo, in his wisdom, wants to put himself on some self designed pedestal by being the first to "declare the depression over". Afterall, he doesn't want to be the second person to declare it over, he wants to be the first. Nobody remembers who finished second. They only remember who finished first, and Bozo wants to be first.

He's thinking "what's wrong with being a little bit early, as long as I get the credit and the accompanying adoration and adulation and recognition as a great economic mind, for being the first". Bozo... you're only about 6 years early... that's what's wrong.

You know what you looked like when you made that declaration Bozo? You looked like Eric Cartman when he put on the act of pretending he was a "retard" (his words, not mine) so that he could compete in the special olympics and place "first". Here it is... a total viewing experience of 1 second is all we need:

www.youtube.com...

Keep up the great work Bozo... make your children proud.

Originally posted by Rocketgirl
Hearing Jim Cramer talk really makes me sick. How can he say that the depression is over? Things are still getting worst.

He's a person that can't be trusted.

It's hard to be a depression when banks report profits NOT loses
in the BILLIONS.
Thanksgiving 2009 will be great time. Jobs ....Jobs ..... Jobs!!!
Cramer is right.
All we really need to do is FIX California.
It would best if California LEADS us out of this recession.
We need another bubble like the dot com bubble of the 1990s.
Just think.......more surplus??? Pay down the debt???
Remember the good old days of 1998?
Too bad dot com bubble popped. NASDAQ 5000 wow!
We need something NEW!!!
We got the internet bubble....ok....what's next?

Originally posted by wiredamerican
Housing materials are flowing faster and faster each day now.

That's no indicator that things are getting better. Even during the worst of any depression there are still many out there that remain unaffected and in fact often take advantage of the depression by building.

I know of a couple people here that for years had been thinking about building a retirement vacation home up north, but had always put it off because it was just to expensive a few years ago. Now that many builders are out of work, and what with various commodity prices dropping, along with cheaper land prices, and mortgage rates, have changed their minds and are actually now moving ahead with their plans. These of course are the exceptions. Meanwhile more people continue to loose their jobs and are defaulting on mortgages and personal and business loans.

And then of course there are still those out there that believe everything is okay now and are buying new homes now. A few months or a year later they will realize their financial mistake when they too loose their jobs because of the crashing dollar. Eventually they will not only loose their new home too, but their equity/down-payment too. I'd hold off buying ANYTHING on credit until I was 100% convinced that I wouldn't regret doing so a year from now. Yeah, if you have the cash, NOW is the time to build your dream home, but if you are thinking about getting a mortgage NOW, have a backup plan for a year from now when you are out of work and have no income flowing in. The risk is too great to be gambling right now unless you can afford to do and LOOSE!

With so many foreclosed homes on the market, any new home construction going on right now doesn't make sense unless, like I said, the rich are taking advantage of this opportunity to finally build their dream home in that dream location where it doesn't exist today.

Not until the foreclosure and unemployment rates change for the better, and significantly, would I think any of this is over.

What you are likely witnessing are simply those rich folks that are taking advantage of this opportunity to build a lot cheaper today. These are the people that do not worry about unemployment because they already have enough wealth to live the rest of their lives in luxury regardless of what happens to the rest of us.

"Originally posted by In nothing we trust
They are finally admitting that we are in a Depression and not a Recession. I like Crammer he is educational and entertaining at the same time. "

Entertaining yes, hence , Bozo The Clown

The man clearly is just guessing here

On the hope he is right , he can lay claim to his early prediction

Jim cramer tells people on October 6, 2008 to take all their money out of stock right now.

Cramer says in anguish, "whatever money you may need for the next 5 years, take it out of the stock market right now, this week."

reply to post by THX-1138

im cramer tells people on October 6, 2008 to take all their money out of stock right now. Cramer says in anguish, "whatever money you may need for the next 5 years, take it out of the stock market right now, this week."

I'm glad you brought that up. I remember when he said that, and I thought that was an exaggeration then. As someone else said, he just guesses. I think he flips a coin- heads- market is going up, tails- down.

they call it a repression since it will last longer then a recession and shorter the a depression (since theres so many saftey nets and yuppie cures)

bottom line is not the housing prob , its the fed's over printing the dollar in the multi trillions ALL RECENTLY

this will impack the bottom line in less then 2 yrs causing hyper inflation , unless thats right a saftey net this way cometh , the fed pulls back these recent trillions. why would they do that? well they either orchestrated this major correction in part or the global elitiest have a change of plans. see the g e's wanted a depression and made the fed ruin the dollar , all because they wanted to ruin the mostly liberal baby boomers nest eggs ($$$$$$$$$$$$$$$$) and hey last i checked durring the last depression the banks made out big time. guess who owns alot of banks now the FED

and the fed doesnt care about the USA or its people. OBAMA better get wind of this ..... if anyone has his email ,please pass it over to me

and no bogarting when we're in that long food line in 3 or 4 yrs ....

see things dont happen over night.... a train needs alot of distance to come to a stop after speeding (the economic bull bubble effect ) and yes we had dot com bubble, then housing , then commondities ..... some say commods are only beginning. I say its still too early to know ,but i would guess that the fed is going to continue to ruin things for baby boomers since again most are educated ,somewhat liberal, into health foods ,might live a long life and draw long pensions etc

Originally posted by timfix
they call it a repression since it will last longer then a recession and shorter the a depression ...

It is more of a Repression and not a Recession or a Depression isn't it.

However, I don't think it is aimed at anyone one group or ideology. Instead I believe that it is sustainability and rational thinking that is being sought. Two things that seem to be in short supply.


[edit on 18-4-2009 by In nothing we trust]

Bozo the Clown is an accurate moniker for this guy. Cramer has no cred after his flip-flopping during the last several years.

Folks, I think Peter Schiff and Celente have the thing sussed and sorry if it ain't a pretty picture but the unwinding, deleveraging, hemhoraging, whatever, has only just begun.

The millions of unemployed and underemployed are toast for the forseeable future. Commercial real estate is going downhill fast. The entire auto industry is in free fall. The massive foreclosure wave everyone is predicting is getting closer to reality by the day. Credit card defaults on a huge scale are going to bring down the card companies.

Cramer is the biggest windbag and kook on TV. Listen to Peter Schiff.

Cramer is absolutely a Bozo the Clown .....but he is smart enough to steal your money and not blink.........and the MSM is largely a cross between brainwashed idiots.....deceptive greedmongers.....and INTELLECTUAL prostitutes....as well as a tiny pinch of people like dylan ratigan who appear to have a conscious and ask the tough questions (and not get their contract's renewed)