08-07-2007, 03:25 AM
Let's put a blood pressure monitor on Jim Cramer. The guy is truly passionate, but, in this case, wrong. The subprime debacle will weigh other financials down a bit, but this is a normal and to be expected correction. A buying opportunity. I'd like to see the Fed get scared into reducing the prime, but that won't happen. What is most interesting is how a stumble in one component (albeit a big one) of the US economy drags down international markets. Particularly when everyone paying attention saw this coming a mile away. Fun to watch and learn.