08-06-2007, 11:12 PM
they was laughing all over that clip on the yahoo stock mb's thru their tears I'd imagine with the volatility and I can't say I'm not immune too. Just a few shows prior Cramer said the situation today was not one tenth as bad as 1990 then after the rally on Monday he could see Warren Buffett stepping in to buy up troubled financial assets. He also said last week if you bought a home with a zero down payment loan in the Inland Empire of California and you couldn't make the payments if you decided to live in the house ignoring the bills until the bank kicked you out that means you passed econ 101 and that kind of "rational economic thinking" could fuel a credit crunch. Nobody seems to think Bernanke going respond by with a rate ease though - not today anyway.
Others want to make friends- I just want to make money.
James Cramer
Others want to make friends- I just want to make money.
James Cramer