Tuesday, March 31, 2009

Cramer calls a bottom (again)

From FT Alphaville:

By our count this is the outspoken CNBC host’s third bottom call in the past 15 months — at the very least.

- January 10, 2008 - Financials have hit rock bottom.

- August 12, 2008 - The bear market is dead.

- October 15, 2008 - This is the beginning of the end of the crisis.

And numerous other questionable forecasts which haven’t exactly, err, come to fruition.

Here, in any case, is Jim Cramer’s latest bottom call, made Monday. Via Clusterstock.

At the beginning of Mad Money, Cramer expressed bewilderment at today’s selloff and said it was already time to buy banks again. At worst, he says, the market has another 3%-5% to fall....MORE