Quote:
Originally Posted by beejeebers
That guy's a twit. It's real easy to sit back 5 days later and call a guy on a bad stock pick. Picking stocks is the biggest guessing game in the world. Nobody is right all the time and if you pick a bad one you never hear the end of it. Stock investors are real quick to point the finger and blame everyone but themselves for bad picks though. They make the final decision and should take part of the blame too.
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I dont think he is a twit at all. It is not hard to imagine that any investment banking or mortgage company is at risk right now. This is one of the reasons it is so hard to be a small investor in this country.
No one ever tells bad news. Even if there are tons of it everywhere. They hype the shit up so that institutional buyers donr lose money and that the market stays propped up.
It is very easy to find buy or strong buy suggestions. Very few people say sell or strong sell. Very few. Right up into the end of a stock.
Kramers advice was stupid as shit. The stock was $62 on the screen. In a week it went down to $2. To give a solid dont sell signal to all investors without knowing their portfolio, lives, and risk tolerance is just retarded. I have been telling people for 3 years to get out of bank and mortage companies stocks. And I dont like giving investment advice. Its just that the subprime and ARM problem is so obvious.
Kramer should have seen this coming. If he cant or wont tell the average investor he probably should be fired. If he was a investment advisor for clients he would have probably been fired for this stupid advice.
And once again the small investor gets screwed by bad advice and by backroom deals.