Well, first I am shocked to hear anyone from MSNBC, CNBC, or Fox say anything to help people financially in the US today! I had been following the Washington Mutual situation weeks before it collapsed and changed my bank to a safe box under the bed. Before it was seized! I think Gramer will probably get reprimanded or at worst made to retract/apologize for that statement. He is right in my opinion, yet what the hell have they been saying years before. How come there wasn’t a big hoopla when the Bush Administration increased the federal deficit level right before the war? Next Fox will really shock us and say “the only major tools needed to balance your home budget is a calculator and a calender.”

Unbelievable that NBC keeps that clown around. This is the same genius who called a market bottom on the Mad Money tv show in July! His investing philosophy is the antithesis of trend following; Cramer is the poster boy for averaging down. I know first hand. At height of dot.com bubble I subscribed to his Action Alerts service and I remember well his emails ordering me to buy Conexant(CNXT) several times as it dropped and dropped and dropped. Yes, his email would suggest to his subscribers that they “MUST” buy CNXT at so and so level. His first buy call of CNXT for his readers was in the mid teens (pre recent 1 for 10 reverse split), and he pumped it to his subscribers all the way down to about .50! It later rallied somewhat and I still remember his chest thumping on his website in which be bragged about buying at .50. I could go on, thanks for letting me vent.

If people obey Jim’s advice, it will be positive for trend followers. What he says helps us to make money! If people pull their money out as he advises, the market could fall much faster and further.

I remember reading that such mad mob psychology benefits trend followers who have historically been on the right side of the trends anyway. So, with that in mind, let everybody go nuts and obey Jim, we will get richer!

Trend followers should not hate Jim but rather compliment him for what he does! He is every trend followers friend because he helps to either create them or increase or prolong them. So, why do most trend followers hate Jim?

Simply hilarious.

Buffett is buying because he’s being offered all kinds of sweetheart insider type deals that you or I could never get.

The last thing we need is guys like Cramer going on TV telling people to sell. I am a Trend Follower and my subscribers have been in 100% cash since 9-15-08. But then, I do not have enough influence on the market to cause it to move on my Trend Signals. I am surprised that CNBC allows him to make these comments.

This is what we used to call in CBOT pit a FADE; useful to do the opposite of. So he says sell, after screaming buy buy buy for decade (doesn’t producer think his franchise might be overdone?) then maybe a good time to get in. No one can pick bottoms but wish for a new Pundit when there are so many better, he is hardly the guy to create confidence, what about the demand picture? Does this guy have a degree in anything?

To the Sandy below….you still have alot to learn. You think we may be close to a bottom just because we are 25% off the last predicted bottom? You are making the same mistake they did! Let the market tell you when the market bottom is. You need to follow the market, not tell it what to do.

Even Cramer is sometimes correct. Stock market money should be long term money. (I’m talking investment savings and not active trading accounts, here.) I’ve been advising people to use a five-year cutoff for years. The market will fluctuate. Money that you might need sooner than five years shouldn’t be in the market.