Jim Cramer Mocks Krugman And Roubini: "The Professor And Mary Ann" (VIDEO)

I really don't know how CNBC allows this guy, with his basic fallacious concepts about the market, to continue preaching on the subject.



"Roubini, at 6,300, says the market is going to crash. Where are we now?"



I can answer that question easily, and I'm not even an educated economist.



The "market" that he is referencing can only be the NYSE or the Dow as those are the only two that are currently in the range he is citing. The NYSE was originally set up to be a 1000 point system and is currently at about 5400, the Dow is only an index, not a market per. se., but is also severely inflated as it began life as a 100 point index.



Either way, it is easy to see that at 6,300 either of these could go lower as the current levels are hugely inflated from the limits by which they were designed to operate within.



My point is that for any economist to declare that a market has "bottomed out" at 6 times its designed peak is fairly absurd. There is a lot of distance to go in order to hit the bottom, and as we continue to witness deflation for the first time in over 50 years, there is a possibility that we might get a lot lower.
About Jim Cramer
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Nico Pitney March 15, 2009 09:52 PM

THIS is really getting to be too much. If my parents were still alive I'm sure that they would find this a bit too familiar (they both lived through the "Big Depression") and would be appalled that we are at this place, at this time.

It's like the "new and improved" depression v 2.0! It's the same cast of characters, telling the same lies, filled with the same greed, but in better suits and flying in private jets instead of private airplanes.

This NEEDS to stop!

Ah! The humble potato (or potatoe, for those who prefer the "non-quayle" spelling).

Here are two possible versions of "the truth" for you to ponder as you munch down your favorite variety of "Lays" or a "Super-sized" pack of MacFries (or whatever fast food version you prefer).

Sick people used like laboratory rats in GM trials
By Geoffrey Lean, Environment Editor
Published: 04 March 2007

http://news.independent.co.uk/environment/article2326209.ece

and the alternative version

UK: Scare story on GM potatoes translates cysts into cancers

Ben Goldacre
Saturday March 3, 2007
The Guardian

http://www.guardian.co.uk/commentisfree/story/0,,2025740,00.html

So, which one is true?

While I agree with Mr. Goldacre that the "science" was likely less than scientific, I am inclined to believe that when Monsanto is involved it is likely that the "smell of a rat" is indeed possible.

Guilty!!!

The first domino falls!