Wednesday, September 24, 2008

No Sports???

Not to get away from the world of Georgia Tech, but I found this video entertaining. I'm not a big fan of Jim Cramer, except his first book, which was solid with investing fundamentals.

Having said that, check out this video from Cramer's show from August 2007 - about one year ago, talking about the mortgage problem. He says we have "Armageddon" coming and talks about Goldman, Bear Sterns and how "these firms are going to go out of business".

Of course this is the same guy that said Bear Sterns was fine, and gets as much or more wrong as he does right. In fact, he's generally bullish on stocks. I just thought his rant was entertaining.