Sunday, March 8, 2009

Bottom Caller: Cramer on Markets

Via Mish's Global Economic Trend Analysis:

August 2008: CNBC's Jim Cramer announces that the market has hit bottom

click on chart for larger image

"I am indeed sticking my neck out right here, right now, declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15. and I think anyone out there who’s waiting for that low to be breached is in for a big disappointment and [they’re] missing a great deal of upside. Stop waiting, [and] buy the next dip because I think it might be the last big one."