♪♫ ♪ You better watch out, you better not cry, you better not pout I'm telling you why - Cramer Claus is coming to town ♪♫ ♪
Yes, that's right - CNBC "Mad Money" host Jim Cramer "Claus" appeared on NBC's December 19 "Today" to tell viewers Federal Reserve Chairman Ben Bernanke was on his "naughty list."
"He is a guy that doesn't get regular coal - I'm giving him high-sulfur stinky coal," Cramer said. "He is in the end an academic who is over his head frankly. I hate to say that. He's a volunteer official who is trying to do his best. But he had his chance and he's lost it."
Cramer has been critical of the Federal Reserve over the past week for not cutting interest rates more than a quarter-point on December 11. When asked about the housing market by NBC's David Gregory, "Cramer Claus" threw another barb at the Fed.
"It's still losing money if you buy a house," Cramer said. "Probably another 18 months before we get to a bottom. All aggravated by a Federal Reserve that is very calm and placid under the guise of being prudent, but quite reckless."
But Cramer's not exactly batting 1.000 himself.
Six weeks ago, Cramer made the prediction that gasoline prices would hit $4 a gallon by this time.
"I still like oil," Cramer said on the November 8 "Today." "I think oil goes a little bit higher. It is monster. You'll be paying at the pump. You'll be paying $4 [a gallon] within the next six weeks."
At that time oil was trading at a little over $95 a barrel at the close of the markets on November 8. It has fallen to just to $91 a barrel since then.
But pump prices haven't come close to $4 a gallon in that time. According to AAA, prices ran up to $3.11 on average around November 14, but have fallen back to $2.99 as of December 19.
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Another bad call --- his
December 19, 2007 - 16:50 ET by jwm45Another bad call --- his Growth Stock of the Year for 2007 (NYX) has been a dud
Cramer is just amusing to
December 19, 2007 - 16:53 ET by bigtimerCramer is just amusing to me...always has been.
Sometimes he's right...sometimes he isn't.
I do wish they had lowered the rate another quarter point...but heck they may yet.
Quite the character and loose cannon at times....
By the way Jeff...I like your musical ditty there....lol.
Cramer is a character, that is for sure
December 19, 2007 - 17:33 ET by c5thenWhen he was younger and he was trying to manipulate the markets, he was usually correct, but inversly to what he said. Now that he is trying to be Joe Analyst for the "regular" guy, he's about as good as flipping a coin.
The day that "politician" became a career choice is the day we started losing the Republic. Let's get it back! Alan Keyes '08.
the fed has only made short
December 19, 2007 - 18:59 ET by sajc05the fed has only made short term fixes.
wait
"i have an idea. lets cut taxes...bear with me on this...start two wars...wait it gets better...increase domestic spending, borrow record amounts from china...and stab the american people in the back by never actually securing the border"
-George W bush
uhhhh
December 19, 2007 - 19:57 ET by timotheYou seem to have forgotten that someone else started the war by killing Americans on American soil.
And you forgot about the record revenues received by the IRS this year as the result of the continued tax cuts.
Oh yeah, and let's not forget that the vast vast majority of the increase in the national debt is not military spending, but rather, entitlement spending that has gone completely out of control.
So what was your point again?
Typical leftie drivel. The
December 19, 2007 - 22:42 ET by robert108Typical leftie drivel. The so-called "progressives" can't seem to get up to present time. They're still fighting about the 2000 election that Al Gore tried to rig and failed.
i agree with cramer on this one
December 20, 2007 - 04:35 ET by spikefaderhis meltdown tirade this past summer was dead on. i think the fed is so far behind the curve here that they are irrelevant.