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Miscellaneous => Random Ramblings => Topic started by: Wheres My Money on December 29, 2008, 07:40:55 pm

Title: Worst Predictions of 2008
Post by: Wheres My Money on December 29, 2008, 07:40:55 pm
I've included at link to the worst predictions of 2008.  Below are a sample of some of the predictions.

"No! No! No! Bear Stearns is not in trouble." -- Jim Cramer, CNBC commentator, Mar. 11, 2008

Five days later, JPMorgan Chase (NYSE:JPM - News) took over Bear Stearns with government help, nearly wiping out shareholders.


"In today's regulatory environment, it's virtually impossible to violate rules." -- Bernard Madoff, money manager, Oct. 20, 2007

About a year later, Madoff -- who once headed the Nasdaq Stock Market -- told investigators he had cost his investors $50 billion in an alleged Ponzi scheme.




http://news.yahoo.com/s/bw/20081229/bs_bw/dec2008db20081224028134 (http://news.yahoo.com/s/bw/20081229/bs_bw/dec2008db20081224028134)




Enjoy!!!





Title: Re: Worst Predictions of 2008
Post by: furnishedowner on December 29, 2008, 07:44:03 pm
Enjoyed them--thanks!

Furnishedowner
Title: Re: Worst Predictions of 2008
Post by: fdjake on January 01, 2009, 08:35:29 am
Here's Jim Cramers stock picks for the end of 2007 beginning of 2008.

He said he wanted every one that watched his show to buy just 2 stocks for 2008.  He said these are "BEST OF BREED"

They were.....

TOYOTA then at $120/share..........NOW at $65

GOLDMAN then at $207/share.........NOW at $84


THIS YEARS new Jim Cramer prediction?????????????????????


W E   H A V E   R E A C H E D   THE  BO T T O M   I N   S T O C K S!!!!!!!!!



If Jim's track record is any indication that statement alone almost GUARANTEES new LOWS will be made in 2009.