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Do you actually believe that Greenspan visited Cramer ?
This is clearly a fabricated story, c'mon you did know that was the case,
right ?
Unbelievable how a little fable goes such a long way.
----- Original Message -----
From: "J W" <inbox@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Saturday, November 25, 2000 11:17 PM
Subject: [RT] Re: Cramer dreams meeting Alan Greenspan
> JT - You're letting your personal biases mask the content here. The
> point wasn't to discuss Cramer's style, personality or record (which
> we don't know anyway other than if he tells us or by way of rumor).
> Round-about, what he is saying is that he thinks AG will not lower
> rates in the near future, that some current pain is necessary for
> past excesses. This may be what the FED is thinking now.
>
> But yet there are many crying for an immediate rate reduction in the
> hope that the over-valuation of many assets in today's market can be
> restored. Most sound like kids in a candy store with their parents
> begging for some more candy, even though their teeth hurt and they
> have a mouthful of cavities (hey, I like that analogy <g>).
>
> Would a .25% change in rates really make much real difference? I
> don't think so. In any case, the FED's "tweaking" of interest rates
> in an attempt to micro-manage economic response is questionable. I
> think it is like a car facing an accident where you try to steer to
> the one side but the car goes to far, so you twist the wheel in the
> other direction hoping that corrects enough to avoid the crash. But
> that sends you careening in the opposite direction. Most in this
> scenario wind up crashing anyway. Hitting the brakes (hopefully anti-
> lock <g>) and trying to avoid a direct head-on crash might be the
> better course. Translation: IMO, it would be better to maintain
> steady interest rates in an acceptable range as long as possible
> rather than to play around with them in micro movements of .25% up or
> down. If the market wasn't so sensitized to how the FED works, then
> larger increments in either direction on an infrequent basis might be
> a better long-term course.
>
> But eventually, it won't matter what the FED does since events will
> overpower any control they have. If lower rates were the fix for
> everything, then certainly Japan should be doing very well these days
> given that their interest rates have been near zero for quite a
> while. Which obviously isn't true. The only thing propping up Japan
> is exports now.
>
> JW
>
> --- In realtraders@xxxxxxxxxxx, "James Taylor" <jptaylor@xxxx> wrote:
> > A little history on this guy Cramer: Was booted from Fox for
> touting his
> > stocks on the show, was expelled from CNBC for same shameless act.
> I have
> > not been personally burned by this scumbucket, but I have been
> reading his
> > trash for the last year, and following his nonsense 'advice' would
> lead one
> > to financial ruin. I despise his type since there are so many
> gullible
> > folks out there who have been and will be financially devastated by
> his
> > type. My advice is to avoid him like the plague. I'm contacted him
> > personally and told him this as well.
> >
> >
> >
> >
> > ----- Original Message -----
> > From: "Daniel Goncharoff" <thegonch@xxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Saturday, November 25, 2000 10:58 PM
> > Subject: Re: [RT] Cramer dreams meeting Alan Greenspan
> >
> >
> > > I don't know what you have against Cramer, but you must not read
> him very
> > much,
> > > since he is not a tout, nor does he try to forecast anything about
> > individual
> > > stocks.
> > >
> > > He does 'analyse' the workings of the market, after the fact, as
> most
> > analysis
> > > must be, but I have found his explanations useful for my trading.
> > >
> > > Regards
> > > DanG
> > >
> > > James Taylor wrote:
> > >
> > > > If one listened to anything this clown Cramer said this year,
> they would
> > > > have an account with a much lower balance.
> > > >
> > > > I have been watching this jokers comments on his site and on
> Yahoo, and
> > he
> > > > has got to be one of the absolute worst stock 'analysts'/touts
> on the
> > planet
> > > > earth PERIOD.
> > > >
> > > > He deserves for his dot-bomb to be where it is. IMHO.
> > > > JT
> > > >
> <snipped>
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
>
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