DOW is up 300.

[ufojoe]

All fans and detractors of Cramer should read this damning expose on him and his picks...

http://online.barrons.com/article/SB123397107399659271.html

[Fitz66]

well we hit 7,000 today!  For about 5.2 seconds...

[GhostRider]

It is up due to Citi's reports of profit in Jan an Feb.  Nice to know they're making a profit off of our tax dollars...

[TheGladiator]

It is up due to Citi's reports of profit in Jan an Feb. Nice to know they're making a profit off of our tax dollars...

Smoke and mirrors.  Many of our tax dollars are good money thrown at bad.  By the end of April the markets will be lower than they were at the end of last week...

[GhostRider]

It is up due to Citi's reports of profit in Jan an Feb. Nice to know they're making a profit off of our tax dollars...

Smoke and mirrors. Many of our tax dollars are good money thrown at bad. By the end of April the markets will be lower than they were at the end of last week...

Probably.  I was merely relaying my disgust via sarcasm...

[ufojoe]

Jon Stewart has had a few bits on Jim Cramer's rotten picks, poor advice, and stupid props. Funny video from last night's show.....

http://www.thedailyshow.com/video/index.jhtml?videoId=220510&title=basic-cable-personality-clash

Good stuff. But nothing new if you've been paying attention to the numerous posts/video about Cramer and his buddies on CNBC. Minus Rick Santelli, who gets it.

If you want a good laugh, go back and read some of the Dow/Financial threads in the past year or so. Seems like the ones who watched CNBC were the ones who were REALLY wrong about where we were heading.

[ufojoe]

By the end of April the markets will be lower than they were at the end of last week...

Maybe. I don't think the bottom has been reached but don't discount the chances of a rally before we head back down.

Hey, come on let some of us have a few moments without dispair.

a few moments? kmitchell is living in la la land

[TheGladiator]

By the end of April the markets will be lower than they were at the end of last week...

Maybe. I don't think the bottom has been reached but don't discount the chances of a rally before we head back down.

yep...would like the S&P to rally to, and/or thru, 800 ...I'll short it and make some more dough!

[GhostRider]

By the end of April the markets will be lower than they were at the end of last week...

Maybe. I don't think the bottom has been reached but don't discount the chances of a rally before we head back down.

yep...would like the S&P to rally to, and/or thru, 800 ...I'll short it and make some more dough!

Is there really anthing left to short in this market?

[TheGladiator]

I know, right?  The permabulls are like Charlie Brown...keep trying to kick the football and whooooooosh, back on their a$$es! 

I want to be bullish, but, until the financials, housing, and employment stabilize...no way.

[kmitchell]

Looks like we will hit 8,000 first.

[ufojoe]

Looks like we will hit 8,000 first.

Way too early to be saying that.

Here are a few follow-ups on the Cramer/Stewart thing...

From MSNBC, which includes more great clips from Stewart on Cramer...



* * * * *

And from my swing trade guy, who has been pointing our Cramer's flip flops for 2-3 years. I've posted his vids on here before...

Jon Stewart Was Too Kind to Jim Cramer



* * * * *

Cramer is Stewart's guest tonight on TDS. I hope he hammers him. But I doubt it.

[JavaBuc]

What will come first, 8000 or 6000? I'm pissed, I was going to put $100 on Citigroup and $100 on Bank of America today, and ride it out for years, but they both went up a huge percentage today.

Your ME stock is up to 7.58 a share.   That's only about 4 less than you paid per share.   It seems the market has quite a way to go to reach anywhere near a break even point.   I'm not sure why ME is doing so poorly.   It used to mirror another stock I like to buy.  But that other stock is now 10.50 a share while ME is 3 dollars less per share now.  Something bad is going on with ME.

[kmitchell]

What will come first, 8000 or 6000? I'm pissed, I was going to put $100 on Citigroup and $100 on Bank of America today, and ride it out for years, but they both went up a huge percentage today.

Your ME stock is up to 7.58 a share.   That's only about 4 less than you paid per share.   It seems the market has quite a way to go to reach anywhere near a break even point.   I'm not sure why ME is doing so poorly.   It used to mirror another stock I like to buy.  But that other stock is now 10.50 a share while ME is 3 dollars less per share now.  Something bad is going on with ME.

Thanks for reminding me! I always check my etrade account when I wake up, and at 1pm. I'm not sure what their problem is, but they better fix it. I'm in no hurry though, I'm still 21.