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Jim Cramer is too funny...

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March 19, 2010 – Comments (7) | RELATED TICKERS: GCI , MNI

You just have to read this.

I found this on CNBC's home page this morning:

Cramer: 8 Bull Markets Happening Right Now. 

A whole new set of unexpected bull markets are rolling out, Cramer said Wednesday. Despite Washington’s pressure on Wall Street and the slowdown in China, some stocks seem to being quite well.

“Sectors that have been left for dead are rising from the grave: media, cable, commercial real estate, housing, the regional banks, the drug stocks,” he said, adding autos and biotech too, “all groups the bears told us needed to be put out of their misery in 2010.”

First media, where Time Warner [TWX  31.07    -0.09  (-0.29%)   ] and News Corp. [NWSA  14.05    0.03  (+0.21%)   ] just reported two of the best numbers seen during this earnings period. And believe it or not The New York Times Co. [NYT  11.24    -0.10  (-0.88%)   ] at one point today was an S&P 500 leader. Also, it looks like we’ve seen the genuine bottoms in Gannett [GCI  16.34    -0.06  (-0.37%)   ] and McClatchy [MNI  4.6695    -0.1605  (-3.32%)   ] , Cramer said. He thinks the sector is starting to get bullish.

 

MEDIA SECTOR IS STARTING TO GET BULLISH, you say Mr. Cramer.

No kidding...

I mean, I do appreciate you reading my blog and my posts about MEDIA SECTOR BEING HOT, but being 5 months late is, I think, a little bit unacceptable. Even for you, Mr. Cramer.

And the funniest thing to me is what you say about GCI: "Also, it looks like we've seen the genuine boottom in Gannet..." 

Hellooooo, GCI was at $2 a year ago, and now when it's at $16 (700% later) you say "It looks like...". Funny, just real funny, Mr. Cramer.

However, I do have to give you credit for calling the bull market in the Regional Banks. I'm impressed you are only 2 months late on that one. Nice call, btw. I think I like you now even more than I did before...

p.s. Something tells me, 2-3 months from now, you'll make a call about the bull market starting in the Retail Sector... :)

 

7 Comments – Post Your Own

#1) On March 19, 2010 at 1:09 PM, TMFJake (32.74) wrote:

dragonLZ:  Just so you know, I have a very strong hunch that the Saints will win the Super Bowl versus the Colts.

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#2) On March 19, 2010 at 1:57 PM, dragonLZ (99.36) wrote:

Sorry, forgot to insert the link to CNBC...

p.s.

Jake, you might be right about that, but I wouldn't bet my paycheck on it... :) 

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#3) On March 19, 2010 at 2:08 PM, dragonLZ (99.36) wrote:

To be fair, I have to say I was thinking it's going to take much longer for the mainstream media to realize there is a bull market "developing" in the media sector. Based on that, Cramer is quite early.

See what I said in my first comment to my Huge Bull Market in Media Stocks back in October (also note how the first two stocks I mentioned are the same ones Cramer did):

#1) On October 06, 2009 at 12:27 AM, dragonLZ (99.33) wrote:

This was written a few days ago:

#3) On September 30, 2009 at 3:24 PM, dragonLZ (97.99) wrote:

leohaas, you are wrong on both statements (made in your first and third sentence)...

A year from now (or two), you will be reading about media stocks being some of the biggest winners in this bull market...

Just to name a few: GCI (of course), MNI, BLC, MEG...

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#4) On March 20, 2010 at 8:53 AM, stockju (< 20) wrote:

Cramer is too biased on technology is what I think. But have to give him some credit there. I have seen him making some pretty bad sell calls.

But, hey, he is an experienced guy and in stock market experience counts a lot. Nobody can predict stock markets. I analyze his stocks a bit differently based on his daily calls, have to tell you, his top 20 calls are pretty impresive!

http://www.stockjupiter.com/Step2/Jim%20Cramer%20Pos%20Picks%2009.html

 

sincerely,

www.stockjupiter.com

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#5) On March 20, 2010 at 8:53 AM, stockju (< 20) wrote:

Cramer is too biased on technology is what I think. But have to give him some credit there. I have seen him making some pretty bad sell calls.

But, hey, he is an experienced guy and in stock market experience counts a lot. Nobody can predict stock markets. I analyze his stocks a bit differently based on his daily calls, have to tell you, his top 20 calls are pretty impresive!

http://www.stockjupiter.com/Step2/Jim%20Cramer%20Pos%20Picks%2009.html

 

sincerely,

www.stockjupiter.com

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#6) On March 20, 2010 at 10:13 AM, dwot (39.29) wrote:

Oh boy, Crammer say bull? That means it must be bear now.

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#7) On March 22, 2010 at 5:31 PM, jdlech (< 20) wrote:

Since Cramer is wrong half the time, does that mean half those sectors will tank now?  If so, which ones?

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