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The fixed income market has done well relative to other asset classes. "The Dow can rally" didn't happen. We fell below the July 30 low. Cramer likes calling bottoms and not knowing what he's talking about. He spits off large companies on his show and people make some money and they think he's a god. Has the man done better than the index? Cramer has no idea! No idea what's going to happen? He's behind the curve, just like 99% of investors out there.
Subprime debacle. Wall Street have brilliant minds giving 600k to people who have no incomes and bad credit. No risk management! Bear Stearns collapses! Bonds = Debt = Slavery to a mortgage.
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Probably going to lose half my money. Investing in China, what could possibly go wrong?
"Don't worry that these stock are overpriced." Buy Google, Down $100 almost immediately.
His all time worst suggestion was to drop the rates and open the fed window.
Good ole Cramer the Clown.
i bet he lost a stack of money on bear stearn