Cramer Says a Default Could Cause a 10% Crash in the Market

Discussion in 'Stock Market' started by Toro, Jul 27, 2011.

  1. Toro
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    Toro Diamond Member

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    http://www.thestreet.com/p/_jcblog/rmoney/jimcramerblog/11200260.html
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Senate's plan gets the nod...
    :confused:
    Analysts: Senate plan saves $2.2 trillion
    27 July`11 WASHINGTON (AP) — Six days away from a potentially calamitous government default, House Republicans on Wednesday appeared to be slowly coalescing around a plan by House Speaker John Boehner to avert the debt crisis — a plan Boehner was still retooling to increase its complement of spending cuts. But Senate Democrats insisted the short-term solution Republicans were crafting would leave the economy on shaky footing.
     
  3. william the wie
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    william the wie Gold Member

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    The senate bill is so crappy it is not expected to pass the senate. By the way what's the big deal? everybody with half a brain is hedged already.
     
  4. Trajan
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    Trajan conscientia mille testes

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    I have not taken him seriously for a while now.


    and as we have seen, Bernbank is out buying toner right now, QE3 is in the wings.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    T.E.A Partiers are far from being anarchists, in fact we're the exact opposite, we want laws ENFORCED! And isn't this Cramer guy the one that was on Jon Stewart oppologizing for something?
     
  6. Zander
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    Zander Platinum Member

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    Fear mongering Sells!!
     
  7. Baruch Menachem
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    Baruch Menachem '

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    I guess he is the expert
    [​IMG]
     
  8. DavidS
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    DavidS Anti-Tea Party Member

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    If Boehner's bill does not pass the House tomorrow, this country is in deep shit.

    10-20% is a conservative estimate.
     
  9. uscitizen
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    uscitizen Senior Member

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    A 10% "crash" would just be an adjustment back towards reality.
     
    • Thank You! Thank You! x 1
  10. uscitizen
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    uscitizen Senior Member

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    Yeah right! They only want the laws they like to be enforced. Just like most other folks.

    They want all the EPA laws enforced?
     

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