Worst Market Calls for 2008

[admin]

Some interesting candidates discussed here,
http://www.ritholtz.com/blog/2008/11/worst-calls-of-2008/

However, I don’t think anyone was worse than Jim Cramer on CNBC. I really don’t understand how he has any crediblity to still be hosting a show. He said that illegal immigrants caused the housing bubble and Bush’s policies of getting rid of immigrants caused the crash. He also said that CEOs were underpaid and called numerous bottoms in the market 1000s of points ago. The guy is a menace! At least Cramer was well paid by thestreet.com and CNBC to not have to worry about his own bad advice.

[pk92108]

How about all those who thought commodities would continue to rocket in 2008…How about those that thought the asian economies would “decouple” from the US and continue to do well while the US tanked…

[pk92108]

How about all those who thought commodities would continue to rocket in 2008…How about those that thought the asian economies would “decouple” from the US and continue to do well while the US tanked…

[pk92108]

How about all those who thought commodities would continue to rocket in 2008…How about those that thought the asian economies would “decouple” from the US and continue to do well while the US tanked…

[pk92108]

How about all those who thought commodities would continue to rocket in 2008…How about those that thought the asian economies would “decouple” from the US and continue to do well while the US tanked…

[pk92108]

How about all those who thought commodities would continue to rocket in 2008…How about those that thought the asian economies would “decouple” from the US and continue to do well while the US tanked…

[cr]

Don’t put too much faith in the dollar just yet. A lot of the dollar rally can be attributed to a rush to cash in a world of dollar denominated assets.

Inflation may still rear it’s head thanks to Hanky and Beranke’s blank checking spending sprees.

If those trends continue, and they show no sign of slowing, there’s little reason the fall in commodities won’t reverse.

As far as economies, read this:

“…there is a difference between markets decoupling short term and economies decoupling long term. In a crisis, stock markets do move in unison. But eventually, stocks respond to economic strength.

The U.S. economy is expected to contract, and though that will impair other economies, those other economies continue expanding. China is certainly downshifting, as evidenced by the weekend’s announcement. But even taking the crisis into account, the International Monetary Fund expects China’s economy to expand 9.7% next year and 8.5% in 2010. Even growth somewhat slower still would mark a faster rate than the developed world.
…
Certainly, the economic fate of some emerging nations dependent on foreign direct investment in places such as Eastern Europe and Africa will remain closely tied to the struggles of the U.S. and developed Europe.

But by and large America’s economic margin is shrinking, which means the U.S. becomes a smaller player in the global economy over time.

“That’s the essence of decoupling,” said Bob Andres, chief investment strategist at Portfolio Management Consultants. “That’s not saying the U.S. is losing economic power, only that the demise of the reliance on the U.S. is clearly a trend. And it’s healthy.”

The BRIC countries will start consuming their own goods – look at China’s bailout, and they’re spending money they actually have.

[cr]

Don’t put too much faith in the dollar just yet. A lot of the dollar rally can be attributed to a rush to cash in a world of dollar denominated assets.

Inflation may still rear it’s head thanks to Hanky and Beranke’s blank checking spending sprees.

If those trends continue, and they show no sign of slowing, there’s little reason the fall in commodities won’t reverse.

As far as economies, read this:

“…there is a difference between markets decoupling short term and economies decoupling long term. In a crisis, stock markets do move in unison. But eventually, stocks respond to economic strength.

The U.S. economy is expected to contract, and though that will impair other economies, those other economies continue expanding. China is certainly downshifting, as evidenced by the weekend’s announcement. But even taking the crisis into account, the International Monetary Fund expects China’s economy to expand 9.7% next year and 8.5% in 2010. Even growth somewhat slower still would mark a faster rate than the developed world.
…
Certainly, the economic fate of some emerging nations dependent on foreign direct investment in places such as Eastern Europe and Africa will remain closely tied to the struggles of the U.S. and developed Europe.

But by and large America’s economic margin is shrinking, which means the U.S. becomes a smaller player in the global economy over time.

“That’s the essence of decoupling,” said Bob Andres, chief investment strategist at Portfolio Management Consultants. “That’s not saying the U.S. is losing economic power, only that the demise of the reliance on the U.S. is clearly a trend. And it’s healthy.”

The BRIC countries will start consuming their own goods – look at China’s bailout, and they’re spending money they actually have.

[cr]

Don’t put too much faith in the dollar just yet. A lot of the dollar rally can be attributed to a rush to cash in a world of dollar denominated assets.

Inflation may still rear it’s head thanks to Hanky and Beranke’s blank checking spending sprees.

If those trends continue, and they show no sign of slowing, there’s little reason the fall in commodities won’t reverse.

As far as economies, read this:

“…there is a difference between markets decoupling short term and economies decoupling long term. In a crisis, stock markets do move in unison. But eventually, stocks respond to economic strength.

The U.S. economy is expected to contract, and though that will impair other economies, those other economies continue expanding. China is certainly downshifting, as evidenced by the weekend’s announcement. But even taking the crisis into account, the International Monetary Fund expects China’s economy to expand 9.7% next year and 8.5% in 2010. Even growth somewhat slower still would mark a faster rate than the developed world.
…
Certainly, the economic fate of some emerging nations dependent on foreign direct investment in places such as Eastern Europe and Africa will remain closely tied to the struggles of the U.S. and developed Europe.

But by and large America’s economic margin is shrinking, which means the U.S. becomes a smaller player in the global economy over time.

“That’s the essence of decoupling,” said Bob Andres, chief investment strategist at Portfolio Management Consultants. “That’s not saying the U.S. is losing economic power, only that the demise of the reliance on the U.S. is clearly a trend. And it’s healthy.”

The BRIC countries will start consuming their own goods – look at China’s bailout, and they’re spending money they actually have.

[cr]

Don’t put too much faith in the dollar just yet. A lot of the dollar rally can be attributed to a rush to cash in a world of dollar denominated assets.

Inflation may still rear it’s head thanks to Hanky and Beranke’s blank checking spending sprees.

If those trends continue, and they show no sign of slowing, there’s little reason the fall in commodities won’t reverse.

As far as economies, read this:

“…there is a difference between markets decoupling short term and economies decoupling long term. In a crisis, stock markets do move in unison. But eventually, stocks respond to economic strength.

The U.S. economy is expected to contract, and though that will impair other economies, those other economies continue expanding. China is certainly downshifting, as evidenced by the weekend’s announcement. But even taking the crisis into account, the International Monetary Fund expects China’s economy to expand 9.7% next year and 8.5% in 2010. Even growth somewhat slower still would mark a faster rate than the developed world.
…
Certainly, the economic fate of some emerging nations dependent on foreign direct investment in places such as Eastern Europe and Africa will remain closely tied to the struggles of the U.S. and developed Europe.

But by and large America’s economic margin is shrinking, which means the U.S. becomes a smaller player in the global economy over time.

“That’s the essence of decoupling,” said Bob Andres, chief investment strategist at Portfolio Management Consultants. “That’s not saying the U.S. is losing economic power, only that the demise of the reliance on the U.S. is clearly a trend. And it’s healthy.”

The BRIC countries will start consuming their own goods – look at China’s bailout, and they’re spending money they actually have.

[cr]

Don’t put too much faith in the dollar just yet. A lot of the dollar rally can be attributed to a rush to cash in a world of dollar denominated assets.

Inflation may still rear it’s head thanks to Hanky and Beranke’s blank checking spending sprees.

If those trends continue, and they show no sign of slowing, there’s little reason the fall in commodities won’t reverse.

As far as economies, read this:

“…there is a difference between markets decoupling short term and economies decoupling long term. In a crisis, stock markets do move in unison. But eventually, stocks respond to economic strength.

The U.S. economy is expected to contract, and though that will impair other economies, those other economies continue expanding. China is certainly downshifting, as evidenced by the weekend’s announcement. But even taking the crisis into account, the International Monetary Fund expects China’s economy to expand 9.7% next year and 8.5% in 2010. Even growth somewhat slower still would mark a faster rate than the developed world.
…
Certainly, the economic fate of some emerging nations dependent on foreign direct investment in places such as Eastern Europe and Africa will remain closely tied to the struggles of the U.S. and developed Europe.

But by and large America’s economic margin is shrinking, which means the U.S. becomes a smaller player in the global economy over time.

“That’s the essence of decoupling,” said Bob Andres, chief investment strategist at Portfolio Management Consultants. “That’s not saying the U.S. is losing economic power, only that the demise of the reliance on the U.S. is clearly a trend. And it’s healthy.”

The BRIC countries will start consuming their own goods – look at China’s bailout, and they’re spending money they actually have.

[Arraya]

I think Paulson’s dozen or so calls that the housing crisis is contained quailify. If I remember correctly he called for housing to bottom in early 07.

And this guy is managing the our countries finances. He is either a massive liar or a complete incompatent. My guess is a little of both.

[Arraya]

I think Paulson’s dozen or so calls that the housing crisis is contained quailify. If I remember correctly he called for housing to bottom in early 07.

And this guy is managing the our countries finances. He is either a massive liar or a complete incompatent. My guess is a little of both.

[Arraya]

I think Paulson’s dozen or so calls that the housing crisis is contained quailify. If I remember correctly he called for housing to bottom in early 07.

And this guy is managing the our countries finances. He is either a massive liar or a complete incompatent. My guess is a little of both.

[Arraya]

I think Paulson’s dozen or so calls that the housing crisis is contained quailify. If I remember correctly he called for housing to bottom in early 07.

And this guy is managing the our countries finances. He is either a massive liar or a complete incompatent. My guess is a little of both.

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