Cramer Ripped a BIG ONE....and deserves it!!!!!!!!!!!!!!!!!!
Dear Mr Cramer,
I am upset at the story you put out over the weekend regarding housing and yet another prediction of a bottom, this time in seven months.
I believe you are intentionally deceiving people. Calling the bottom to housing using a variety of bad indicators and rampant speculation is wrong. I am giving you the benefit of the doubt by saying you are ‘deceiving’ people because there is no way you are this naive about the housing and mortgage markets.
But of course, due to my distaste for much of your shotgun-approach research that costs so many so much, I thought I would spend a couple of hours and prove once again that these problems are very deep and throwing out a quick-read story citing a couple of low-level statistics is absolutely worthless when trying to dissect the future of housing and mortgage finance.
To read the full analysis, I strongly suggest clicking on the link below.
Mr. Mortgage's work is clear and comprehensive. A must read for those who like quality work and exposing BSers.