Tuesday, February 05, 2008

No Kidding....Cramer Sees A Housing Shortages 12 Month From Now.....

This one is too outrageous to pass.... Every time you think Cramer has hit a new low ( see label for numerous examples ) he comes out with another piece of ( lets put it mildly) garbage...........It should be no surprise that he made his comments at the end of last week when especially the homebuilders have recovered some of massive losses ( largely due to short covering ). For a realistic picture see the charts via Calculated Risk on how stock market driven this guy is....... After the slump over the past 2 days i assume he is already revising his forecast..... And the woman from bubblevision is calling him "character of integrety"....... They really should switch to the Comedy Channel... Here we go Cramer Video .

Das ist einfach zu unverschämt um das durchgehen zu lassen.... Immer wenn man denkt das einer der bekanntesten US Börsenkommentatoren sein Tief bereits erreciht hat ( siehe Label für zahlreiche tragisch-komische Beispiele) wird eine neue Sichtweise aus dem Hut gezaubert die man wen man höflich ist als bodenlose Fechheit titulieren muß.....Es sollte nicht überraschen das seine Aussagen Ende der letzten Woche gemacht worden sind als insbesonders der Homebuilderindex massiv an Wert gewonnen hat ( in erster Linie getrieben durch Shorteindeckungen) . Für ein realistisches Bild genügt ein Blick auf die Charts von Calculated Risk . Ebenfalls wenig verwunderlich das die Moderatorin ihn als "integeren Charakter bezeichnet".... Die wäre auf dem Comedy Channel wirklich besser untergebracht.....Hier ist da gute Stück Cramer Video ....



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9 Comments:

Anonymous eh said...

J-M,

Some of the HB stocks were actually upgraded yesterday as well. Kaum zu glauben. By a BAC analyst. The bank that just bought CFC.

I would be quite surprised if inventory at the end of 2008 was not greater than at the beginning.

Also I think in 2008 the UK will follow the US into a housing-led recession.

11:52 PM  
Blogger jmf said...

Moin Eh,

oh yeah... Wall Street Finest at work.....

I´ll post a report on Norway in the next few days.... WOW!

I immediatly sold my NOK long position at a small loss after i´ve read the details...

12:01 AM  
Anonymous eh said...

Builders slash prices 10%, but sales fall anyway

I think we've reached a point where price cuts won't make a lot of difference.

12:02 AM  
Blogger jmf said...

Toll Brothers

Toll Brothers: 'Not yet seeing much light at end of tunnel'

2:17 AM  
Anonymous eh said...

"We ended our first quarter with approximately $950 million in cash and more than $1.2 billion available under our multi-bank credit facility, which matures in March of 2011. We believe we are well-positioned as opportunities arise from the current turmoil in our industry."

It might be a sign of trouble when a company starts talking about its cash on hand and its ability to borrow.

And what "opportunities" those might be is not spelled out.

Keefe, Bruyette sees
pullback in big bank shares


They said investors have reacted positively to a series of deep Fed interest rate cuts and have bought shares, afraid they might miss a sharp move higher, without paying enough attention to underlying issues. "Investors appear to have looked past weak fundamentals," the analysts cautioned.

Oh.

3:33 AM  
Blogger jmf said...

"It might be a sign of trouble when a company starts talking about its cash on hand and its ability to borrow."

:-)

I think the BHP / Rio Tinto offer has the potential to mark some kind of top in the commodity stocks

Remember Mannesmann / Vodafone... ?

3:51 AM  
Blogger jmf said...


Wachovia Corporation Prices Successful Preferred Stock Offering


The $3.5 billion perpetual preferred stock will pay a dividend of 7.98% for 10 years and thereafter change to a floating interest rate. Wachovia may redeem the preferred stock after 10 years.

Wachovia's Tier 1 capital ratio at December 31, 2007 was 7.2%. On a pro forma basis as of year-end, Wachovia estimates that including this preferred stock offering, Wachovia's Tier 1 capital ratio would have been approximately 7.9%.

Still under 8 percent.... More to come....

5:51 AM  
Anonymous Harsh Realty said...

Per government figures, over 1 in 7 houses in the U.S. is vacant. Clearly Cramer must see something that we don't see. Maybe it's the LSD.

5:02 PM  
Blogger jmf said...

"Maybe it's the LSD"

:-)

As i´ve said before.... The turning point in this market will probably when Cramer quits or CNBC is cancelling his show or even better CNBC is closing down the network....

At this point i´m willing to go net long for the first time during the past 5 years

9:57 PM  

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