Loading ...Here we go again. We are going to have to here bullish Cramer boosting about how great he is and how he called this perfectly. Let’s start off reminding people that in 2006 Cramer was predicting the market would be trading above 20,000 by 2010. His claim was based on a book that predicted sky high numbers for the DOW. Even during the trip down from 14,000 to 11,000 something Cramer stayed bullish on the market. It was only crystal clear to him that the market was going to crash after he realized that the CMO ponze scheme had come unglued. Sure, there is a good chance that the market will head higher until the Fed changes its easy money policy. The banks can basically borrow at 0% and push equity higher. Unfortunately for the people, this means runaway inflation in later years. Add to that the fact that the only reason the economy has no collapsed is because the mortgage fraudulent loans have been slowly transferred to the Fed balance sheet (which no one can audit). We have reached the economic “era of fraudulence”.
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