Tuesday, October 07, 2008

You know you doodle a couple of bears at a cocktail party talking about the stock market...

Well with the ongoing financial crisis now spreading throughout many of the global markets, a crippling, long term global recession may be the final climax of the eight year disaster movie known as the Bush administration (ironically enough, one of the few countries that appear to be apparently immune this: Iraq). Frankly, I don't even know why both major party candidates are working so hard to get elected. With all these things going south it's sort of like going out of your way to the next Oakland Raiders coach.

While it'll definitely be a while down the line before we see how bad things really get or how much they'll improve, or whether all those government billions really did anything, for me things are looking pretty grim. The single greatest signal for me that the soup lines and shanty are closer than we think? Jim Cramer is no longer mad.



Imagine how much trouble the markets must be in where Jim freakin' Cramer, the raging bull, a guy who's whole job is to provide advice on investing in the stock market is telling everybody to completely throw in the towel, give up on buying and holding stocks, and literally take all their money out of the stock market! He looks like he's just a step away from breaking down and sobbing in the tender arms of Anne Curry. I'm not sure what sound the button on his little soundboard makes for "liquidate your portfolio". By the end of the day it was apparent that the market reacted expectedly to this hot little stock tip.

It looks like they'll have to change the show from Mad Money to Sad Money (and yes about 90% of the reason for making this entry was to write that).

2 comments:

  1. thats literally the saddest thing i've ever seen. i had seen a shorter clip of that on gawker, but the longer one is even more brutal... i just wanna hug the guy.

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