JJC Knew Something (Aug 2007)

BEHOLD..Jim Cramer's now EPIC "THEY KNOW NOTHING" YOUTUBE video...watch it in its 5 minute entirety (or just fast forward 1 minute and 40 seconds in) and DECIDE FOR YOURSELF whether or not you think Jim Cramer was holding a crystal ball in his hands during his August 3rd, 2007 CNBC Stop Trading Interview.

http://www.youtube.com/watch?v=rOVXh4xM-Ww





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*Respected market investor/researcher/commentator and owner of 'The Big Picture' blog, Barry Ritholtz, opined on Cramer's 'THEY KNOW NOTHING' interview just 3 days later on August 6th, 2007:

"In a truly astonishing clip, Erin Burnett interviewed Jim Cramer on Friday. It is destined to become a classic Wall Street legend. I expect it will become required viewing for market historians and technicians alike. There's no other way to say this: Jim goes postal. When Cramer essentially begs the Fed Chair to rescue the big Investment banks, you know things have gone awry.

*Highlights include:
"Open the darn Fed discount window!"

"He (Ben Bernanke) has no idea what its like out there - None!"

"They [the Fed] know nothing! The Fed is asleep!"

"My people have been in this game for 25 years . . . They are losing their jobs -- these firms are going out business"

"[President of the Federal Reserve Bank of St. Louis] Bill Poole is shameful"

"Cut the rate. Relieve the pressure."

"In the fixed income markets we have Armageddon."

http://seekingalpha.com/article/43566-cramer-pleads-for-a-fed-rescue-as-bear-stearns-hit

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*LASTLY, check out the below link to a JIM CRAMER video interview explaining WHY he did it four days later on August 7th, 2007:

http://www.youtube.com/watch?v=xzoYQ41Yd0Q&feature=related