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January 19, 2008

Cramer On Hardball Predicting Armageddon

Another great video at John Amato's house. Cramer also predicts a massive Democratic sweep in November. At some point before then, someone needs to grab the president by the lapel ONCE AND FOR ALL and smack him across the face with a hammer glove and beg him to make the right decision for once in his failed presidency.

Put it another way, if your 401(k) is invested in a mutual fund -- say a conservative S&P index fund or the like -- and the market drops 2,000 points in a single day? That will have erased years worth of gains in a single 8 hour span. AND with still no established bottom.

Why? Because of Bush Republican deregulation of the mortgage industry; because of President Bush's naming of Ben Bernanke to take over the Fed; and now for President Bush's utter lack of response to this crisis.

Posted By Bob Cesca | January 19, 2008 10:29 PM

Comments

Posted by: Nanotyrannus at January 21, 2008 1:14 AM