Cramer calls a bottom (again) | FT Alphaville

Cramer calls a bottom (again)

By our count this is the outspoken CNBC host’s third bottom call in the past 15 months — at the very least.

January 10, 2008 – Financials have hit rock bottom.

August 12, 2008 – The bear market is dead.

October 15, 2008 – This is the beginning of the end of the crisis.

And numerous other questionable forecasts which haven’t exactly, err, come to fruition.

Here, in any case, is Jim Cramer’s latest bottom call, made Monday. Via Clusterstock.

At the beginning of Mad Money, Cramer expressed bewilderment at today’s selloff and said it was already time to buy banks again. At worst, he says, the market has another 3%-5% to fall.  

And some of the transcript:

You start putting your money back to work right into the weakness but you can’t do it until you see the whites of their eyes and i think that we either saw them today or we came very close. where are whites of their ice possibly? 3% lower and a whole not less. we definitely saw the whites in today a number of groups and in some cases we got to (garbled)… And the banks to be bought tomorrow.

Jim Cramer (BusinessWeek)

Related links:
The Cramer indicator – FT Alphaville
Cramer capitulates – FT Alphaville
Zucker shoots back at CNBC critics – FT
Happy Boycott CNBC Day! – FT Alphaville