TheStreet.com's James Cramer housing market revisionist

[bartonbeth]

Bravo!!!!!!

[josecitomadera]

WOW, Cramer just repeats what's going on at the moment. It would be nice if he would fess up to his own hogwash but then his real money would be affected- TV news pundit.

[darliegoddess]

I knew he was a total ass from the moment he opened his mouth.

[zunguri]

Why is it I don't see itulip's perfect hindsight portfolio here? Ah, that's right...he's just a whining moron. Grow up.

[itulipdotcom]

We noted that we went to cash in the early part of 2007. We thus missed the "big run-up" which is now evoprating. We note major trend changes, we do not recommend specific one-size-fits-all portfolios. You must be looking for the site Portfolios for Assclowns" for guys like you.

[zunguri]

You missed the run up in the market because you are the fearful clown type. How'd your cash do since early 2007? I'm up over 43% since then simply by looking at the stocks mentioned on stockpickr, examining their fundamentals, and choosing carefully. As market conditions changed and people like Cramer started sounding warnings I took action AND MADE MORE MONEY. You better stick with putting your money in your mattress, and your head back where it was; where the sun doesn't shine.

[itulipdotcom]

Are you Leonard the Wonder Monkey?

[zunguri]

Wow, what a reasoned and logical response. Thanks for proving what you are.

[gigie555]

The prudent investor may miss the big returns, but they will survive the timers and flippers such as you, who are only interested in the quick profits but whine and gnash their teeth when things go wrong. Now go cry and whine to your mommy, the Fed, maybe they will bail you out at taxpayers expense.

[zunguri]

On the fed, they should do nothing other than perhaps what the did Friday; a 3-day loan to the financial community. No giveaways, no bailouts, not even raising the limit for FNMA are warranted. The people who bought more house than they could afford are the ones that should pay the price this time.

As for me I make almost as much on my long-term investments and I do trading. Not this year though. This volatility is fabulous for making money.

[jeffzettel]

Isn't it funny Leonard the wonder monkey beats Cramer at his own stockpicks just by choosing long or short ramdonly.

[itulipdotcom]

No doubt! Long vol, baby! Yes, a 3 day loan is not technically a bailout. But try getting one if you're a car parts maker in Ohio.

[maxGreis]

itulip, i'm sure you love to think that you're smarter than cramer, but we all know you're not.

[itulipdotcom]

You're right. We're not but

Leonard the Wonder Monkey is. Ongoing Stats:

Jim Cramer is right 49.27% of the time.

Jim Cramer's picks average a 0.24% ROI after 30 days.

Leonard the Wonder Monkey is right 49.95% of the time.

Leonard's picks average a 0.43% ROI after 30 days.

See Cramer Watch dot org.

[gigie555]

you mean that Cramer idiot who just made a fool out of himself in front of a national audience, screaming that the Fed should bail him and his rich Wall Street buddies out of the mess they created. Fool

[fffffffffffffffffffy]

people change their minds? LUDICROUS.

[JP5466]

What more ludicrous is how bad this guy has hurt people with his predictions and lame-ass stock picks. This man should be in jail for all the stock manipulation he's admitted to.

[JodiG65]

I love the groaning ship sounds during the transitions. LOL.

[itulipdotcom]

So you agree with his final statement. So does iTulip. The difference is that we made it in August 2002.

The entire housing bubble, start to finish, was predictable. (Google search: yes, it's a housing bubble)

In this final stage, loan defaults are as predictable as turds in a litter box.

Problem with Cramer is he didn't seem to catch on until this week. But no one is THAT stupid.

[fuzzywzhe]

> The entire housing bubble, start to finish, was

> predictable. (Google search: yes, it's a housing

> bubble)

Yes, it WAS predictable, but the mainstream media didn't report on it, until WELL AFTER it became obvious there was a collapse.  I have archives of Google news searches from eartly 2007 on "housing market", and only bloggers were predicting a crash.

[BubbFromGEI]

I agree. And the 18 year cycle, and the Builders share prices are great tools in forecasting the market. Click on my name, and see the Video that backs up this statement

[itulipdotcom]

He makes contradictory statements. Which one is correct?

[agntagnt]

Whether he contradicts or not... it is the begining. If you have a year or 2 left on your loan... Your done... UNLESS you have alot of equity

[zunguri]

Both. What static world do you live in?

[agntagnt]

Cramer is correct

[fuzzywzhe]

> Cramer is correct

Now, or then?

It's easy to be correct AFTER the fact. He's changing his story.

[gugion]

Woohoo, firs to comment. Itulip, you guys are genius, ahead of the curve at every turn. Keep up the good work.