Monday, July 14, 2008

Our Gospel is Spreading - Jim Cramer References "The Hand"

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Jim Cramer
3:29 PM

"Every time we feel like we are about to fall off a cliff some hidden hand comes in and starts buying em.. ridiculous... "

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[Jul 3: Invisible Hand Video]
[Jan 9: An Amazing Blunt Commentary on the Plunge Protection Team]

I always feel pride when I convert a pundit

Jim, don't forget what they do nearly every morning - there is a reason futures are "up" (magic) almost every day between 8:30 and 9:30 AM, and we can never get one of those down 300 Dow premarkets that create bottoms (unless SocGen unwinding trades of a rogue French trader overpowers the hand one morning I suppose) Just imagine the egg on "their" face when the market cannot hold a rally in the face of our government officials now out there considering buying stock to prop up entities. It is so laughable now. (in a sad way)

This is like a slow motion crash - I keep saying they keep pulling off the band aid slowly every day instead of ripping it off and letting us feel the purge.

It's awfully quiet out there - did you all give up the fight? :) Maybe this will be the selloff that does not end in climax, but just ends in attrition - much like the selloffs in 2001-2002.

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