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After Bashing The Entire Market Yesterday, Today Cramer Goes Nuts Against High Frequency Trading

Tyler Durden's picture




 

Ok, this is getting scary: first, Cramer bashes the entire market yesterday, saying it is a stupid, rapacious, capricious and a bunch of other words we would butcher absent spellcheckurrrr. Then, the CNBC frontman goes out on a full blown tirade against High Frequency Trading, against ongoing flash crashes (melt downs and ups) in names such as the ones we discussed earlier like Diebold and Washington Post, against the whole concept that the market is sane and stable, and lastly, Cramer agrees with us that the only senator worth listening to is Ted Kaufman, who also happens to be a guest on this particular Cramer show. Are we now mainstream or is Cramer too much of a fan? Is it time to switch our motto to "on a long enough timeline we all succeed and prosper courtesy of a neverending Keynesian ponzi pyramid." Is this the market bottom? Being on the same side of the trade as Cramer is...never good.

 

 

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Wed, 06/16/2010 - 22:06 | 418500 aint no fortuna...
aint no fortunate son's picture

Sounds like you have a convert and new reader Tyler... be careful what you ask for.

Wed, 06/16/2010 - 22:15 | 418521 Missing_Link
Missing_Link's picture

I have this tingling feeling like a tiny amount of respect for that screaming button-slamming methamphetamine addict is starting to creep into my body.  Is something wrong with me?

Wed, 06/16/2010 - 22:30 | 418551 aint no fortuna...
aint no fortunate son's picture

Be careful with that respect thingie... you KNOW the squid put him up to it, he's still their bitch and garbage disposal.

Wed, 06/16/2010 - 22:35 | 418561 Missing_Link
Missing_Link's picture

Yes, but is the squid always wrong?  If the squid fights a killer shark, that's good, right?  The enemy of my enemy is my friend, and all that  ...?

Wed, 06/16/2010 - 22:41 | 418571 aint no fortuna...
aint no fortunate son's picture

you ever try to make friends with a crocodile? not even crocodiles make friends with crocodiles.

Wed, 06/16/2010 - 22:24 | 418537 ISEEIT
ISEEIT's picture

Whores will always go for the money. The whore Cramer is just following the crowd. He must figure that the post crash TV addicts will give him cred for being on the guest list?

I despise the mind fuck control device of TV.

Wed, 06/16/2010 - 22:36 | 418563 Missing_Link
Missing_Link's picture

I despise the mind fuck control device of TV.

Amen!  I no longer watch that crap.

Thu, 06/17/2010 - 13:00 | 419628 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

If you have not tried going without TV (and I mean for REAL) YOU CANNOT IMAGINE how different existence can be.

It is difficult to describe.  I strongly recommend trying it. 2-3 months and it will never look the same again.

Thu, 06/17/2010 - 02:27 | 418871 Attitude_Check
Attitude_Check's picture

If Cramer is bearish, then expect a BIG uptick in the Stock market in a few weeks!  QE 2.0 rolling out early?

Wed, 06/16/2010 - 22:06 | 418501 Tarheel
Tarheel's picture

You smoking the hashpipe Tyler? U lend cramer credibility by giving him props on your blog.

Wed, 06/16/2010 - 22:52 | 418581 hedgeless_horseman
hedgeless_horseman's picture

I've said before that the pink-tie bald guy on CNBC is Tyler. This is the twist at the end we all know is coming.  The Crying Game 2.0

Wed, 06/16/2010 - 23:55 | 418717 palmereldritch
palmereldritch's picture

Sounds like Fright Club

LOL

Thu, 06/17/2010 - 07:50 | 419032 qualia
qualia's picture

+1

Wed, 06/16/2010 - 22:08 | 418503 Cognitive Dissonance
Cognitive Dissonance's picture

Once the system (and the system players) begins to sense the tide is turning against it/them, the next step in the battle plan is to co-op the truth speakers and the contrarins. When you can no longer fight them, you become one. Or at least enough of "one" to convince the brain dead that you've seen the error of your ways, that God has spoken and you're now listening.

It's all in the book. Just read the book. The playbook I mean.

Wed, 06/16/2010 - 22:42 | 418573 MsCreant
MsCreant's picture

Wonder if the prosecutors need some PR like this (lube the proletariat) and maybe Cramer gets out of some of his deeper doo-doo (thus avoiding some of his own punishment) by doing this? Anything is possible.

Wed, 06/16/2010 - 22:43 | 418575 MsCreant
MsCreant's picture

Or someone hosed him personally and he wants revenge. BAD.

Thu, 06/17/2010 - 03:17 | 418889 ratava
ratava's picture

maybe he got sick of getting eaten by predatory algos. they see your stops and they hunt them even though you are just a retail noone. when it happens for the first time, you don't even notice. the next couple time you refuse to be paranoid. and then it dawns on you. the market is gone, it is just government sanctioned stophunt in the name of recapitalization. why do you think the indexes are this high? the wall of unlimited freshly printed money pushed us here short squeezing leveraged retail suckers.

Wed, 06/16/2010 - 22:48 | 418583 Cursive
Cursive's picture

the next step in the battle plan is to co-op the truth speakers and the contrarins. 

+1  I was just saying this same thing to a guy at work today.  As for Cramer, it's obvious he has been given his marching orders.

Wed, 06/16/2010 - 22:53 | 418595 Cognitive Dissonance
Cognitive Dissonance's picture

"I was just saying this same thing to a guy at work today"

Was that the mud engineer? Remember, I have a PhD in mud engineering from 5 years old. :>)

Wed, 06/16/2010 - 23:00 | 418616 Al Huxley
Al Huxley's picture

Its like the mainstream music industry co-opting punk rock, or gansta rap.  Bring it inside the mainstream, neuter it, and you remove its power and ability to speak to its original audience.

Thu, 06/17/2010 - 02:47 | 418877 thisandthat
thisandthat's picture

I think that is more likely the other way around (caution! I mean it!):

http://marcoponce.com/2009/12/jay-z-kanye-west-the-devil/

 

Thu, 06/17/2010 - 13:07 | 419643 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

THEY don't have to actively 'neuter' things.  As soon as THEY get something into their clutches and merely make direct eye contact with it, it instantly becomes BALL-LESS and SOUL-LESS.

Too bad that many folks are so dazzled by appearances that they have a hard time noticing when something they care about has had the blood sucked out it and is no longer the same thing it once was...

Wed, 06/16/2010 - 22:07 | 418504 Overleveraged_a...
Overleveraged_and_Impatient's picture

He's trying to reach out to 'our' market which is indeed becoming mainstream. What's next? Is he gonna call out Geithner or Bernanke for driving our nation into the ground? Will he call out our bullshit political system with its intricate array of ties to Wall Street and other big money industries?

Let's see what Jim is really made of.

Thu, 06/17/2010 - 02:06 | 418860 GoinFawr
GoinFawr's picture

Well put Overlever'd.  He's talkin' the talk, let's see him take a step or two further.

 

Everytime Cramer speaks it sounds to me like the type of blather you'd use to distract someone as you're lining them up for a sucker punch.

 

Regards

Wed, 06/16/2010 - 22:07 | 418505 rich_maverick
rich_maverick's picture

Yes, Cramer has been a good contrarian indicator in the past.  Trouble with Cramer is that he is not as stupid as he appears sometimes.  The guy knows the game.  The trouble is that you don't know who's side he is out to help: is he a player trying to protect the racket, or is he telling the truth?  I personally don't trust him.  I've learned the hard way that the best liars mix in a good dose of truth with their lies.  That way, they have sufficient plausible deniability when they try to convince you of their lies.

Rich

Wed, 06/16/2010 - 22:17 | 418525 Brett in Manhattan
Brett in Manhattan's picture

"The trouble is that you don't know who's side he is out to help: is he a player trying to protect the racket, or is he telling the truth?"

______

Yeah, the financial elite whose processes have made him a multi-millionaire, or the "Cramericans."

Wed, 06/16/2010 - 23:23 | 418665 Canucklehead
Canucklehead's picture

If you don't know that he's on your side... he is not on your side.

Wed, 06/16/2010 - 22:08 | 418507 Gimp
Gimp's picture

Cramer is well...Cramer.

I need some help fellow ZHer's. Using a simple site such as www.bigcharts.com I looked up the NYSE volume for today and it was:

     1,171,332,000

         972,605,265  was the total volume for three stocks - FRE, FNM and C

  If this is accurate does this mean the NYSE daily volume is only 200 Million??

Please confirm or educate.

Thanks

 

 

 

Thu, 06/17/2010 - 00:09 | 418734 Reductio ad Absurdum
Reductio ad Absurdum's picture

NYSE most active listed here: http://finance.yahoo.com/actives?e=nq

Top ten on this list add up to 1,389,800,000 shares. In order, they are C, BP, FRE, NOK, BAC, GE, F, FAZ, FAS, LVS.

The volume of just the top ten is already greater than the volume 1,173,419,511 given for all the NYSE (verified at http://www.nyxdata.com/Data-Products/NYSE-Volume-Summary).

FNM is not on the list, nor is SPY; for some reason they are not being counted. Yet Investor's Business Daily (http://www.investors.com/NewsAndAnalysis/Article/537519/201006162235/US-...) says:

NYSE volume climbed due to huge trading spikes in Fannie Mae (FNM) and Freddie Mac (FRE). Both will delist their common and preferred shares from the NYSE.

contradicting the fact that FNM is not listed in Yahoo's data summary.

Maybe some of the trades are being performed outside the NYSE.

Wed, 06/16/2010 - 22:11 | 418511 williambanzai7
williambanzai7's picture

I think he is looking atvyour stats and thinking what have I got to lose by telling the truth.

Wed, 06/16/2010 - 22:12 | 418514 bull-market_3.0
bull-market_3.0's picture

this has got to be a bait and switch.

soon as we begin to think Cramer is on our side he will lead us to buy at the precise moment the market crashes to 0.

For now he is attracting people to listen to him. But some time in the future he will screw all his followers.

Wed, 06/16/2010 - 22:13 | 418517 Hedge Jobs
Hedge Jobs's picture

ha! the new motto has a nice ring to it Tyler

this is interesting though, cramer and therefore CNBC positioning themselves in this way. not too sure what to make of it. Maybe even the mainstream are staring to realize the glaringly obvious unsustainability of what is going on. If that is the case we may be in for quite a drop. The HFT's can obvioulsy prop up a market where only the smart money is selling but can they prop it up against a stampede for the exits when the 'crowd" realise they have been duped?

Wed, 06/16/2010 - 22:37 | 418565 Boop
Boop's picture

After yesterday's rant, I got the feeling that they want to trigger the crash... Not a strong feeling, mind you, but this sort of thing might help out.

Wed, 06/16/2010 - 22:46 | 418580 MsCreant
MsCreant's picture

And a run to Treasuries?

Wed, 06/16/2010 - 23:14 | 418648 AccreditedEYE
AccreditedEYE's picture

gotta finance that massive debt roll somehow don't they?

Thu, 06/17/2010 - 07:45 | 419026 Hephasteus
Hephasteus's picture

Yep. And they seem to want everyone back in their bank account as they've been yipping up the deflation myth right and left.

Thu, 06/17/2010 - 01:35 | 418837 No One
No One's picture

I seem to recall that CNBC's ratings skyrocket during a crash.

Thu, 06/17/2010 - 02:17 | 418867 Da Canuck
Da Canuck's picture

I agree. Cramer is not as dumb as he seems. It is obvious to me that the HFTs have screwed up the market, so it surely is to him.

He is trying to set himself up to say "I told you so" in his not so self-deprecating way after the market crashes, and play it over and over again like the "They know nothing" clip.

His dumb "booya" fans will get hurt bad, but will still worship him as a prophet.

Thu, 06/17/2010 - 03:56 | 418910 The Rock
The Rock's picture

" and play it over and over again like the "They know nothing" clip."

EXACTAMUNDO!!

Thu, 06/17/2010 - 08:00 | 419037 Brett in Manhattan
Brett in Manhattan's picture
"I agree. Cramer is not as dumb as he seems. It is obvious to me that the HFTs have screwed up the market, so it surely is to him." __________

Yeah, before HFTs, the market was a beacon of legitimacy:

 

15 Specialists From Big Board Are Indicted

By Jenny Anderson
The New York Times

Federal prosecutors announced the indictment yesterday of 15 former New York Stock Exchange floor traders, who are charged with cheating customers by mishandling trades to enrich their firms.

The Securities and Exchange Commission also filed securities fraud complaints against the 15 and against 5 other traders, saying they had made thousands of illicit trades from 1999 through 2003. The 20 were specialists - traders on the floor of the exchange who manage activity in particular stocks. The Big Board also settled S.E.C. accusations that it failed to regulate its traders properly.

Thu, 06/17/2010 - 13:17 | 419672 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

You left out the part of the article that indicates that these 15 traders had the remarkable capability of trading MERE milliseconds in front of other trades.

Oh, that wasn't part of the story?  Sorry.  I thought you were indicating 'been-there / done-that' -- guess not. 

What was your point?

Thu, 06/17/2010 - 14:46 | 419886 Brett in Manhattan
Brett in Manhattan's picture

That the "Good old days" weren't so good.

Wed, 06/16/2010 - 22:14 | 418519 Ruth
Ruth's picture

Ty, I know you know what you're doing, but please, I refuse to listen to that noise, I take your word for it, he's trying his best to make top bill on ZH.  Sigh... boobooyaya, spellcheckmate!

Wed, 06/16/2010 - 22:14 | 418520 Nolsgrad
Nolsgrad's picture

SDS time?

Wed, 06/16/2010 - 22:19 | 418526 brown_hornet
brown_hornet's picture

All the news I get here on ZH, I see on FOX a week later, on YAHOO a month later and on CNBS a year later.

Good going Tyler.

Wed, 06/16/2010 - 22:22 | 418533 e_goldstein
e_goldstein's picture

thanks tyler,

 

now my eyes and ears are bleeding.

Wed, 06/16/2010 - 22:22 | 418534 buzzsaw99
buzzsaw99's picture

He's still a squid sucking low life.

Wed, 06/16/2010 - 22:22 | 418535 Nevermind
Nevermind's picture

Step away from the (trading) vehicle. 

Wed, 06/16/2010 - 22:25 | 418538 hotkarlandthecl...
hotkarlandtheclevelandsteamers's picture

He is just laying the foundation for his next book "why the market is rigged and how you can prosper".

 

While he bashes the market he still pumps his "Candies" all trading at 50x earnings.

Wed, 06/16/2010 - 22:28 | 418543 lizzy36
lizzy36's picture

Hell has frozen over and piigs are indeed flying.

Is nothing sacred in this world?

Next thing you know ARS will become a fanboy and Tyler will get an HBO contract. 

Wed, 06/16/2010 - 22:29 | 418549 tmftdoyle
tmftdoyle's picture

did he mention that his "candies" are all being driven up by hft boys. market opens, ok not going down, watch the candies starting at about 9:40 everymorning. as always cramer is out both sides of his mouth. 

Wed, 06/16/2010 - 22:30 | 418552 Hammurabi
Hammurabi's picture

there is less viewers watching CNBC, they are trying to get more viewers,

Wed, 06/16/2010 - 22:34 | 418558 Sam Clemons
Sam Clemons's picture

yep new ownership wants to appeal to whats popular and popular is anti-establishment.

Wed, 06/16/2010 - 22:37 | 418553 Boop
Boop's picture

So, it's not all of the debt, it's HFT algos that are going to be blamed for the crash when it comes!

So there's the angle!

He still works for GS.... (Once a squid, always a squid)

Thu, 06/17/2010 - 13:21 | 419678 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Not a bad theory.  Especially when remembering that 'deficits don't matter!'  ;)

Wed, 06/16/2010 - 22:32 | 418554 Implicit simplicit
Implicit simplicit's picture

I'm just glad that a good cause going main stream means its a step closer to real change.

Wed, 06/16/2010 - 22:35 | 418560 johngaltfla
johngaltfla's picture

TEOTWAWKI

I'm just saying.

Oh and my cat said she wants to have sex with the neighbors poodle.

Thu, 06/17/2010 - 13:22 | 419682 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Don't make too much out of the timing -- your cat told ME that a long time ago.

Maybe you should talk more?

Wed, 06/16/2010 - 22:38 | 418567 MsCreant
MsCreant's picture

I wrote this at the end of the other Cramer thread, but I think it goes here just as well.


What if his parent company is flexing it's muscles in front of the government? What if Obama and congress are doing things that threaten them, to appeal to us and keep their jobs? What if Obama and crew are biting the hand that feeds them and that hand is now slapping them upside the head, showing them "who run barter town?" If you don't have our support, you don't have a presidency. 

Need some propaganda work done? EMBARGO!

Wed, 06/16/2010 - 22:40 | 418569 ratava
ratava's picture

you know what would rip the algo owners a new hole? honour every single trade that was taken today at the crazy spike. only person dumb enough to buy a stock on a million percent uptick is a machine.

Thu, 06/17/2010 - 04:02 | 418916 The Rock
The Rock's picture

+10000000000000AL!!

Thu, 06/17/2010 - 13:25 | 419685 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Combine DUMB and RAPID and you get an awesome powerful force!

Wed, 06/16/2010 - 22:42 | 418574 SilverIsKing
SilverIsKing's picture

Maybe Cramer's aware of an SEC/DOJ investigation that he's been questioned on, the target of, or just knows about, and he is trying to straighten up his act to avoid a problem for himself.

Wed, 06/16/2010 - 22:55 | 418599 kingwallop
kingwallop's picture

+1

nice conspiracy!

Wed, 06/16/2010 - 22:53 | 418596 long_and_short
long_and_short's picture

Agreed, when you are on the same side of the trade as the clowns on MSM youre likely to get your head handed to you.

Some how, me thinks the gig is up and this could be the blow we have been waiting for.

is it this week? maybe, likely in the next month.  perhaps at the Q2 GDP print when is comes is -ve.

Cramer and Kudlow trying to save what few viewers they have left so they can then brag that they "called the top".

Wed, 06/16/2010 - 22:58 | 418609 moneymutt
moneymutt's picture

I think this is an indicator that something bad is going to happen and he knows it....somebody is going to get exposed, some bad crash is going to happen, so since he is an insider, and he knows when and what is going to happen, why not get in front of the story. "Hey", he thinks, "everyone is going to know this stuff shortly and going to be real mad, so let me quit as a cheerleader, and reposition myself so I won't get taken out when SHTF"

Thu, 06/17/2010 - 01:37 | 418838 Spaceman Spiff
Spaceman Spiff's picture

He might even get in the good graces of comedy central if it seen that he called the crash.

Thu, 06/17/2010 - 13:29 | 419696 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

With the help of John Stewart, Kramer is already well-known to Comedy Central's viewers.

Plus, how often has the word-of-choice for Kramer around here been CLOWN.  This is damn near perfect. ;0

Thu, 06/17/2010 - 03:20 | 418893 AnAnonymous
AnAnonymous's picture

Anyone has Cramer's ratings show?

I only see in him a media professional hunting for viewership.

As he would say anything to capture viewership, I dont give nothing more to his two last days speeches.

Just a trend.

Wed, 06/16/2010 - 23:04 | 418623 Xibalba
Xibalba's picture

He must've recieved his two week notice.  This is absolutely stupifying!

Wed, 06/16/2010 - 23:07 | 418629 Xibalba
Xibalba's picture

SPX 1300 must be a shoe in now....oy vey!

Wed, 06/16/2010 - 23:09 | 418631 the grateful un...
the grateful unemployed's picture

you have to figure that 1) they screen his calls, no matter what he says. 2) he may get an audience with a CEO by just picking up the phone, but he can't tell when the guy is lying, and that is sure a tough call, on live television 3) if Cramer knows something, the whole world knows it, and wheres the mark up in that 4) is Karen Finerman, Fast Money, his wife or exwife, the one he calls the trading goddess? (okay that goes back to his early street.com days, when he wrote some nice bylines, and he brought together a lot of smart people) 5) Cramer once sold Rockport shoes door to door, he claims to have put himself through college by playing the horses at Aqueduct, where he roomed with Andy Beyer, who took the high road and played the ponies, well. 

Wed, 06/16/2010 - 23:09 | 418634 CB
CB's picture

Kill your TV.  It's called the idiot box for good reason.

Wed, 06/16/2010 - 23:14 | 418649 Windemup
Windemup's picture

I have lived without TV now for 2 years. Don't miss it.

Thu, 06/17/2010 - 07:31 | 419009 CB
CB's picture

me either.

Thu, 06/17/2010 - 07:51 | 419033 Hephasteus
Hephasteus's picture

I still watch it. But I've built up an immunity to it.

Thu, 06/17/2010 - 10:17 | 419284 John Self
John Self's picture

TV=soma.

Thu, 06/17/2010 - 13:32 | 419704 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

5 in a row -- little or ZERO television!  My hope is regenerating slightly.

Wed, 06/16/2010 - 23:14 | 418647 Windemup
Windemup's picture

Remind me again why we are wasting our time on Cramer.

Thu, 06/17/2010 - 02:10 | 418861 GoinFawr
GoinFawr's picture

We're incredulous about the cognates, man.

Wed, 06/16/2010 - 23:22 | 418661 rich_maverick
rich_maverick's picture

Cramer: former vampire squid!

Rule to follow: Once a vampire squid, always a vampire squid!

Wed, 06/16/2010 - 23:23 | 418664 huckman
huckman's picture

why not skynet? hmmmmmmm

Wed, 06/16/2010 - 23:44 | 418692 Trimmed Hedge
Trimmed Hedge's picture

Sounds like Kaufman has been taking some of that cocaine, as well.

Thu, 06/17/2010 - 02:01 | 418855 Village Idiot
Village Idiot's picture

Yeah, what was that reference to "a bunch of guys sitting around the table doing cocaine?" High Frequency Talking.

Thu, 06/17/2010 - 00:04 | 418729 palmereldritch
Thu, 06/17/2010 - 00:12 | 418740 Reductio ad Absurdum
Reductio ad Absurdum's picture

They want to sucker in the shorts so they can put the squeeze on.

Thu, 06/17/2010 - 00:13 | 418741 ApplesConspiracy
ApplesConspiracy's picture

This is truly a market bottom or the end of days.  I'm not sure which.

Thu, 06/17/2010 - 00:22 | 418749 Xando
Xando's picture

Watch: Jimbo is going to come on here. He's going to join forces with Harry Wagner, and they are fated to become prophetic perma-bears who are going to ride this bitch down into the ground. Entertainingly.

Leo's not gonna know what hit him.

Thu, 06/17/2010 - 02:11 | 418850 GoinFawr
GoinFawr's picture

Tin foil hat: Check.

Copy of "Confessions of an Economic Hitman.":

Check.

Parents' basement: Check. (FU, It's a family visit)

 

Tyler,

"Just because you're paranoid, don't mean they're not after you."

Jim Cramer is onto you man.

Perhaps he has been instructed by his puppet-masters to attempt to discredit this site, and its less onerous contributors, by association. FWIW, I'm pretty sure that if I continue seeing daily links to that loony's show here I may begin having epistemological doubts about the verity of ZH precepts. Well, more doubts, anyway. (JK, love it here.)

Regards

 

 

Thu, 06/17/2010 - 13:35 | 419715 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

He said "epistemological."  Hehe.

(I couldn't help myself)

Thu, 06/17/2010 - 02:40 | 418876 No More Bubbles
No More Bubbles's picture

Kaufman just wants the same thing all politicians want, stocks going up.  That's all they care about. Fuck that guy.  Saying the market integrity (HUH) is the engine of the economy.  BUNK!

The  market is still an INSANELY MASSIVE BUBBLE and it NEEDS TO & WILL COLLAPSE!  The market doesn't deserve to be trusted and never really has.  Everyone got suckered into thinking stocks should only go up after a 20 year bull (bubble) market.

All that has happened is that all logical people have come to the realization that this thing is a big fucking rigged piece of shit scam casino that insiders know how to game, both up & down.....

Get your money out of it and let the fucker collapse, who cares...........

 

 

Thu, 06/17/2010 - 14:07 | 419780 Fascist Dictator
Fascist Dictator's picture

Amen....

Thu, 06/17/2010 - 02:49 | 418879 Barmaher
Barmaher's picture

Confession:  I went into gold after Cramer recommended it in the Fall of 2008.  Lots of other influence (Schiff, Martenson, Celente) but still...

Thu, 06/17/2010 - 03:45 | 418905 bingaling
bingaling's picture

Maybe he doesn't want to go on the grill when TSHTF or maybe he was pandering for a day bcuz Kaufman was on .  Tyler should call him up and interview him for this weekends "On Top o' the Blog Piece ." It would make for interesting commentary this weekend . 

Thu, 06/17/2010 - 04:14 | 418924 doomandbloom
doomandbloom's picture

this way he wont be lynched when the time comes...as he can say 'i told you so'.

it also means that the end is near...

Thu, 06/17/2010 - 04:45 | 418934 mee-mee-mee
mee-mee-mee's picture

two for two....what the hell is going on.... well done Tyler.

Thu, 06/17/2010 - 04:56 | 418941 Al Gorerhythm
Al Gorerhythm's picture

WASSUP CRAMER? GET REAMED BY THE MACHINE? 

<rant volume off>

Thu, 06/17/2010 - 04:59 | 418943 George the baby...
George the baby crusher's picture

The end of the world is neigher.

Thu, 06/17/2010 - 13:36 | 419716 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Two points for that one.

Thu, 06/17/2010 - 06:02 | 418966 Cheeky Bastard
Cheeky Bastard's picture

OK; since obviously the game is up and everyone now know Tyler is actually Jim Cramer, its only fair of me to say MY name; Joe Cassano; former head of AIGFP. 

Thu, 06/17/2010 - 06:33 | 418980 anony
anony's picture

Joe, may you contract boils on your back, earwigs in your sleep, and sulfuric acid in your morning coffee.

You crooked shmendrick. Choke on our money.

Thu, 06/17/2010 - 08:37 | 419074 moneymutt
moneymutt's picture

you don't seem Italian

Thu, 06/17/2010 - 13:37 | 419717 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Is that your real picture?

Thu, 06/17/2010 - 06:35 | 418981 anony
anony's picture

How is the 1,000 point insta-crash different from the same market level two weeks later, down to the same level?

There is no difference.

Thu, 06/17/2010 - 07:03 | 418987 zhandax
zhandax's picture

Shhhhh! You're going to fuck up the $10,000 post expungement fee!

Thu, 06/17/2010 - 07:10 | 418988 LMAO
LMAO's picture

 

I think it's quite clear what's going on. The powers in charge are having MSM focusing on the broken markets.

They are trying to "rudely awake" the sheeple who will demand this crap to be fixed. They may even go to the lengths of throwing in another flash crash or two to get everybody's attention.

The kicker being....tatatataaaaaa.....The only solution they are going to present to fix the problems: 

QE 2.0 = even more lining the pockets on Wall Street, members of congress, senate and the rest of the mobsters.

 

The Squid is having the sheeple beg for their own demise. They will be appropriately served.

 

LMAO

 

Thu, 06/17/2010 - 07:21 | 418997 Grand Supercycle
Grand Supercycle's picture

 

EURO bullish warnings mentioned earlier, have strengthened today. Vice versa for the USD index of course.

I have detected EURO buying support for several weeks now.

XAUEUR daily chart gives bearish warnings as of today.

This could be an important development.

The proprietary indicators I use in my technical analysis can identify trend changes before they occur.

http://stockmarket618.wordpress.com

Thu, 06/17/2010 - 07:49 | 419031 Cincitucky
Cincitucky's picture

Cramer's self-whoring business is running out of customers, both repeat and new.

Only way to stay afloat is to move to new territory.

Thu, 06/17/2010 - 13:40 | 419723 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

 self-whoring business

There is a (damn good) joke in there somewhere involving an Ourobouros and a male prostitute.  I don't have it in me at the moment.

Thu, 06/17/2010 - 08:45 | 419085 casey
casey's picture

A rigged game is only good when a few people are in on it.  When too many crooks pile in, it is time to get out.  The flash crashes seem to be indicating that the rigged market is starting to have its wheels fall off.  It is becoming glaringly obvious that it is not functioning properly and everybody knows it is time to race for the exits.

 

How can Cramer scream buy when everybody knows the system is rigged?  The jig is up.  The only thing he can do is try to let on this is a new event and, being the altruistic guy he is, he is warning us about it.

 

I think the end is close for this dud market and Cramer knows it.  When the bottom falls out, he'll be blowing his horn that he was out there warning the little people of impending doom.

 

All the big money is already out.  BP's blow-out is going to be a disaster for the US economy.  This could be the black swan event that triggers the collapse.  Somebody posted a link to an article regarding the blow-out.  It is worth reposting.  I think BP knew the minute it let loose that they were not going to be able to get a handle on this.  When this is all over, people should be swinging in the gallows.

 

http://rense.com/general91/oilor.htm

Thu, 06/17/2010 - 11:24 | 419428 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He is Harry Wanger!

Thu, 06/17/2010 - 12:32 | 419577 Chippewa Partners
Chippewa Partners's picture

Cramer is now half-off........

As special thanks we are now offering you a 50% discount on our most popular premium service, Jim Cramer's Action Alerts PLUS. Click here to start now.

Cramer should pay subscribers for all the money they have lost!!! 

Thu, 06/17/2010 - 13:39 | 419721 Fascist Dictator
Fascist Dictator's picture

OMG! It truly is TEOTWAWKI.....run in circles....scream and shout...head for the hills!

Thu, 06/17/2010 - 17:23 | 420269 PhattyBuoy
PhattyBuoy's picture

... "we could lose our credibility" ...

What a fucking joke !!!

I wouldn't put a nickel into this Scamerica rip-off bullshit stock market ...

If you have your life savings trapped in the market in retirement accounts ... you are fucked !!

 

 

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