You Tube: Jim Cramer of MAD MONEY on media hacks, market meltdown, land inventory being worked off fast!Greg Rielly, Residential Loan Officer, DFI License #MLO-76580 (Mortgage Advisory Group, License #CL-36130)
So Subprime Blows Up; So What, Says Cramer
Speaking about the media, Jim Cramer of MAD MONEY says, "What kind of story is it to say that you (media) know that of the 200 private equity deals only one has failed. What kind of story is that? ... Focus on the one that has failed... It's really important for the journalists to look like they are in the room with the big boys ... I know the lack of importance it (subprime) has versus treasuries ... If I was a journalist without any of the experience I had I don't think I would write about anything other than this."
Click on link: http://www.youtube.com/watch?v=BVl9SQ-KVmE&NR=1
MARKET MELTDOWN ... Cramer goes off!
"This is abount Bernanke ... Bernanke is being an academic ... He has no idea what it is like out there! They're nuts ... they know nothing ... the FED is asleep."
Click on link: http://www.youtube.com/watch?v=SWksEJQEYVU&feature=related
Jim Cramer on Housing Part 2:
Cramer says, "You see reports about a cooling housing market ...and of course the pending doom ... this is a continuing theme ... if that's the case why does a homebuilder like D.R. Horton go up? ... Why is KB Homes going up? ... Aren't these interesting questions ... given the fact that the business is supposed to be so bad? The inventory of homes is being worked off ... and being worked off very fast."
Cramer asks, "When is it unethical to make people money? What's the crime to helping people make money? If there are buyers of land, there are believers in the bottom..."
Click on link: http://www.youtube.com/watch?v=f5zAvh-iFfU&feature=related