Cramer's Brokers

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From 5-26-07:

Oh, I see, I have to sell the brokerages again because of mortgages. And I have to do it because the "bad mortgage/slowdown mortgage" story isn't yet reflected in the stocks.

I can't tell you how many times, when I first got into the hedge fund business, I would be long a stock and read a hit piece in the media about a stock and think, just my luck, something that we all knew, something that my sources know won't matter, gets into the paper as the only thing that matters.

Then, later, when I realized that you don't get gifts that often, gifts of misinformation that create pockets of opportunity, I would just stand there and buy the ferocious selling at my price.

Oh, and by the way, the numbers at the brokers?

They are way too low. And "everybody" knows it, except the people who need the stocks lower.

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