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Jim Cramer say, "You must buy a house today!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

Oh yea!!!! Housing has bottomed. You won't have to torch your house anymore. Jim  Cramer is never wrong(except 99.9% of the time).

 

 

"And those guys had already put charges in that made it so that when housing does bottom, they will be overreserved. That’s the ticket. That’s what Wachovia did. They anticipated a housing bottom and they’re going to be right.” The Federal Housing Authority will put $300 billion to work to help homeowners with exotic loans and that will put a bottom in housing. “I was the first guy that said torch your house for the insurance money. I am now telling you that between now and the next six months you have to buy a house.”"

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July 23 2008 - US

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Profile picture for Colorado Mtg Broker
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He is soooo annoying, I can't stand to hear him for more than like a second.

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July 23 2008

Booooooooooooooooo Yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.

 

I have to wonder about his audience...

 

He's entertaining and all...but does anyone actually take him seriously???? I sure hope not. What a clown.

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July 23 2008
Profile picture for BuyEqualsRent
Contributions: 1492

Lots of people play the Cramer put.  If he mentions a stock, buy puts against it 3-4 days later after it bumps up and then sell in 3 months and clean up.

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July 23 2008
Profile picture for klarek the realist
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What a jackass.  The only thing he knows about housing is that NAR is full of sh*t.  Now he sounds just like them.

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July 24 2008
Profile picture for JimSulli456
Real Estate Agent
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If you have access to a fake portfolio, try taking his advice and creating a fake portfolio.  Sadly, if you don't sign back in for a while...it's deleted (I used comcast).  I took his advice one time on a show that he showed how to make a "bullet proof portfolio".  It's been a while since I signed in to check, so it was deleted, but about 2 months afterwards...it was way down.

 

I can't even remember the symbols.

 

I just can't really watch him.  When he's wrong, he'll say he's wrong but then tell you why, and what you should have done.

 

Shoulda, Coulda, Woulda...I really don't like him.

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July 24 2008
Profile picture for financeme
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Wall street journal predicted the bottom of the market to be summer of 08 so Jim is in good company.  Check out this link which appears to support this position.  http://www.realestateabc.com/outlook/overall.htm

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July 24 2008
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bethrahrig

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he reminds me of that guy everyone knows, who can always do it /better/faster/for less $/ bigger profit/ than you ever could, but he never DOES any of it, he just talks about it.

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July 24 2008
Profile picture for JimSulli456
Real Estate Agent
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That's a pretty dead on assessment.  Now that I know the truth about Kyosaki as well, he's pretty much the same.

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July 24 2008
Profile picture for space_acer
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I wanna see Crammer in the fetal position as he was on Oct 11 2002... thats when we had the bottom... He didnt say much on that episode of Crammer and Kudlow... He pretty much gave up.

 

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July 24 2008
Profile picture for azrob
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I remember seeing him say "I have to buy a house in Phoenix to make any money" TWICE on his show during the summer of 05, pretty darn near the peak. I am dying to find a copy of that video online...

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July 24 2008
Profile picture for Bellafonteine

The Federal Housing Authority will put $300 billion to work to help homeowners with exotic loans and that will put a bottom in housing. <--Cramer quoted! In a sense, he is probably right. The $300 billion will surely help 400,000 homeowners with ARM loans. Foreclosure will be minimum. Cities will have funding to rehab abandoned houses and sell it for profit. There will be $8000 credit towards first time buyers for their downpayment. BOOOOOOOOOOOOOOOYAHHHHHHHHHHHHHHHHHHHHHH! LMAO

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July 24 2008
Profile picture for ghennis00
Contributions: 2463

Dream on grasshopper.

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July 24 2008
Profile picture for Bellafonteine

“I was the first guy that said torch your house for the insurance money. I am now telling you that between now and the next six months you have to buy a house.”
Wow! Certainly there will be a "herd mentality" that will follow Jim Cramer's advice. Ahh, the bottom had finally arrive. Simple scientific knowledge, Hot air goes down, Cool air goes up! BOOOOOOOYAHHHHHHHHH Jim Cramer!

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July 24 2008
Profile picture for Valhakar
Contributions: 897

His show is for entertainment purposes only. It is much like watching an epileptic ape in a cage.

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July 24 2008
Profile picture for dnesemeier
Real Estate Agent
Contributions: 1379

If I had the time to look back into Zillow archives I could show you all how doomers hailed Cramer when he supported them with his "don't buy, don't buy" housing recommendation....my response then was he didn't know anything about real estate.

 

Now he says buy and the doomers have turned against him.  My response remains the same.

 

 

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July 24 2008
Profile picture for Valhakar
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Strange how you put a singe source with a wide demographic.   It is so easy to wave the magic wand of generalization to make a point.  :-P

 

 

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July 24 2008
Profile picture for dnesemeier
Real Estate Agent
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The folks who posted on that particular thread several months ago know who they are!

 

;-)

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July 24 2008
Profile picture for Randy_H
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I said then, and I say now, and I'll say tomorrow that Cramer is an idiot clown with sound effects.  I don't know to whom you are referring, but I recall distinctly that everyone with a clue acknowleged that Cramer was a yutz.  But even yutzes can be right once in a while, through the law of large numbers.

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July 24 2008
Profile picture for K101
Contributions: 6569

Wasn't me.

We watch Mad Money to know what the hell to stay away from in the market.  Hub has a fun time pointing out all of Cramer's inconsistencies and incorrect picks.  It is only barely tolerable if you watch it on a DVR and fast forward through the silly rants.

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July 24 2008
Profile picture for Bette Defarm
Contributions: 4638
I've kvetched about Cramer a bit much, so I'll just leave it with:
What Randy said :*)
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July 24 2008
Profile picture for Bette Defarm
Contributions: 4638
PS

Dan,

I say this respectfully: I wonder if you are confusing Zillow with another site. I don't recall any "doomers" supporting Cramer. Just sayin.'
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July 24 2008
Profile picture for jdsdaddy
Contributions: 504

Dan,

 

I read the thread, and I don't think people responded as you remember.  It just basically became an NAR bashing thread, and had little to do with Cramer himself.

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July 24 2008
Profile picture for Randy_H
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I never did try playing the "Cramer Put".  I like that idea.  My worry at this point would be that the trade is too well known.  I mean does anyone actually believe this guy anymore?  For a while there was a very cool Youtube vid someone put together showing him in split-frame contradicting himself over and over.  In one exchange he flip-flop-flip-flop-flipped.  It was hillarious.  Actually, his willingness to reverse his position so erratically might argue against trying to play any Cramer Puts (unless you're going to do straddles, lol).

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July 24 2008
Profile picture for Randy_H
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Oops.  Dan was the one loving on Cramer:

 

Cramer's no dummy. He's a Harvard man, an attorney, and was a very successful hedge fund manager. He's still a savvy investor. Even though his personality is caustic and I can't watch him for more than 5 minutes at a time, I read his stock picks almost daily.

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July 24 2008
Profile picture for dnesemeier
Real Estate Agent
Contributions: 1379

OY!  I do like Cramer!  Still read his stock picks, and I think he's at least as smart as you are Randy.  Cramer doesn't know real estate though...

 

I honestly don't have the time to go back and find where I said that....maybe someone ought bring all those posts back up to the present so we can go over them....all I found was the Cramer v. NAR prez thread, but I wasn't really looking that hard.

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July 24 2008
Profile picture for dnesemeier
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Then again, I could have posted that somewhere else....who knows!

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July 24 2008
Profile picture for dnesemeier
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Then again, I could have posted that somewhere else....who knows!

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July 24 2008
Profile picture for mrfnuts
Contributions: 1353

Here's 78 google hits with "Jim Cramer" found within zillow:

 

http://www.google.com/search?q="Jim+Cramer"+site:www.zillow.com&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

 

You're welcome to go through them.

 

I honestly don't remember many people on zillow (doomers or chearleaders) posting anything but scorn for the guy.

 

But hey, if you want to keep remembering that 'secret' thread somewhere where doomers (specifically) praised him... be my guest.  Perhaps you might want to bump it for us though, just to better prove your point in the least.

 

 

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July 24 2008
Profile picture for Randy_H
Contributions: 4390

Arrrr.  I smells the smella 'busted'.

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July 24 2008
Profile picture for K101
Contributions: 6569

LOL

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July 24 2008

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