ST Alpha - "i just love revisiting this old jim cramer call from june of 2009..." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 157

i just love revisiting this old jim cramer call from june of 2009...

Posted by x (aka dmuck) Jun 9 '11, 09:26

Tuesday, 16 Jun 2009
Cramer: Housing Has Officially Bottomed

"Residential real estate has finally found a floor, Cramer told viewers on Tuesday. The sector�s long, steep descent is all but over. He had predicted this day would come by the end of June, and he was right � with just two weeks to spare.

How can Cramer be so sure? New housing data reported today showed a dramatic change for the better, especially in some of the hardest-hit areas in the US. That news, along with much lower prices and the working off of inventory, validate his prediction, made last August, that housing would stabilize this month, ending its multiyear declines."

it's been two years jim, and we're still waiting to find a floor (is.gd)

Responses:

he's still holding his enron stocks -- nm - zeitgeist Jun 9, 16:07
we can find the floor very soon, thank you. -- nm - Mel Profit Jun 9, 09:28 7
- Congrats on the purchase. We're still looking. -- nm - pmb Jun 9, 09:40 2
  - thanks and best of luck! -- nm - Mel Profit Jun 9, 09:48
  - Where are you living in the interim? -- nm - David Jun 9, 09:41
- oh, you'll be ok. regional supply side shortage should at least limit the downside risk....nm - x Jun 9, 09:32 3
  - Thanks. - Mel Profit Jun 9, 09:34 2
    - yeah, i'd agree. the risk is at least mitigated for what you're doing, i'd think....nm - x Jun 9, 09:39 1
      - I wouldn't mind if they kept dropping in the next year or so... - znufrii Jun 9, 09:58

Post a message top

i just love revisiting this old jim cramer call from june of 2009...

Replies are disabled on threads older than 7 days.