[torero]

I never take this rants seriously but when his rants are confirmed by the Fed, have to look into his comments seriously. That's when I pay more attention. Even if he didn't rant about it, the Fed action would be a confirmation of a major problem.

Yep, he asked them to open the discount window, and one week later, they did.

[torero]

This is amazing, one or 2 days after the Bernanke said they won't change rates, Cramer ranted, and the Fed injected money. If it's true that Cramer's rant got the Fed to react, then the most powerful man is no longer Bernanke, but Cramer? Go figure!

[amory hill]

but that's not the same thing. injecting money is easy, interest rates have much wider-reaching implications. requiring responsible decision-making.

[james_gsx]

Originally Posted by torero »

This is amazing, one or 2 days after the Bernanke said they won't change rates, Cramer ranted, and the Fed injected money. If it's true that Cramer's rant got the Fed to react, then the most powerful man is no longer Bernanke, but Cramer? Go figure!

I think something was already going on when Cramer made his rant.

But it does go to show the man deserves more respect. He brought up something verry litle people knew about, only for it to become mainstream a few days later. Oh well, there will always be the people who think he sucks just go look at ET.

[torero]

Originally Posted by amory hill »

but that's not the same thing. injecting money is easy, interest rates have much wider-reaching implications. requiring responsible decision-making.

So what you're saying is the Fed is making a temporary fix to a short-term problem instead of a making a long term solution. Does that mean that there is more long term market problems to come? I'm not sure if Cramer was seeking liquidity solution in the short term (sorry don't remember what he wanted specifically the Fed to do, I thought it was lowering interest rate). If this mortgage turns out to be a tip of the iceberg, more injection?

[OAC]

Check this out:
http://www.dynamictraders.com/report...port-2007.html
This special report was e-mailed to me in May. Robert Miner was projecting
the end of the fifth wave of the fifthwave of the fifth wave of the long-term
elliot wave starting in 1982. The way things are going make me think this guy
may have made the right call.

[Reaver]

Originally Posted by OAC »

Check this out:
http://www.dynamictraders.com/report...port-2007.html
This special report was e-mailed to me in May. Robert Miner was projecting
the end of the fifth wave of the fifthwave of the fifth wave of the long-term
elliot wave starting in 1982. The way things are going make me think this guy
may have made the right call.

Yeah but Robert Miner has been calling for the end of the world for like 10 years now....