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I tend to agree with Cramer's general analysis, although I think he's way overly hysterical on the matter. A bad situation does not mean an apocalypse. Many (like myself) have taken a hit in real estate in the past year and in the stock market in the past few days. Credit is indeed more difficult to come by and home builders will suffer in the short term here. Bust the larger picture still seems good, and all indications are of a cyclical nature and not a fundamental flaw that is going to bring on "the apocalypse" as he puts it. Good lord!
Feds Suspend $1 Billion in Medicaid Funds to California, Minnesota
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In a long-overdue action, the federal government is moving to protect
taxpayers against systematic fraud in California and Minnesota: Health and
Human Serv...
2 hours ago
Okay, apocalypse is overstating it, but I think you missed the main point of Cramer's rant -- the issue is not people like you who have "taken a hit in real estate" or the stock market, the point is poor people losing their homes.
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