Zandar's Thought Of The Day

Revisiting the Future Stupidity files, we see Jim Cramer calling a bottom to the housing market back in June. The only problem with that is that it's October, and people are still cutting housing prices, and this is Jim Cramer's own employer saying this.

You notice how Cramer's no longer talking about the housing market bottom. He had his buddies at The Street.com try to weasel Jim out of the call even.

Then again, Jimbo originally called the housing market bottom...in August 2008.

How's that working out?

[UPDATE 5:39 PM] John Cole:

Jim Cramer just told Chris Matthews that we are going to have a great retail season this Christmas. Given Cramer’s track record, I’d start preparing for a complete economic collapse somewhere around Thanksgiving, complete with people jumping from buildings, mass layoffs, hyper-inflation and bread lines.

Ain't that the truth.