And I just have a bad feeling about the credit markets. They are not improving at all. I
would sell, sell, and sell. If you understand CDO's and how they are connected and backed
by everything you cannot be bullish.

Unless I'm missing something!

I'd say when everyone quits smoothing out their losses in the credit markets. Damn
accounting rules. But the market will discount that. The problem is if they are writing
down at the same pace of the housing slowdown it will just cause bear market rallies.

Speaking of the 2008 Banking Crisis, does anyone know what to look for in finding a bear
market bottom (a final sickening drop, maximum pessimism, etc.)? I've ALWAYS been
cringing in my cave when the bull market hits.

And then its not even the lenders fault or the sellers. A few guru's actually spotted that
a trend was unsustainable. Because noone could pay for such an expensive house unless one
day we start packaging and reselling our present value salaries for lump sums!

Lol!

1990 Banking was lending what was deposited! Not lending selling lending selling lending
selling. Althought the benefits exceed the cost from a creators perspective the holder of
the securities are just completely screwed in front of the world.

I agree with Ryan, I don't know why Cramer is relating this to the 1990 real estate bust.
That was actually a more natural correction. This is a credit contraction on a totally
different scale. Because it is 10 times worse. I mean the even the originators loss money
on this when they are suppose to pass on the risk! In markets nothing really is in
comparsion, always something new, right?

This period sure had a profound affect on Crammer

I suspect the young stud who replaces him 15 years out will use this period as his or her
"1990" seminal moment for the future blow up

I am particularly interested about the period after the crisis, how we dug out

i dont have one that ive read, but try searching the S&L crisis.

i happen to think this is 10x worse than that, but it is a decent period of compairison.

Master Cramer speaks of the 1990 Banking Crisis, so what is a good book or two that with
20/20 hindsight describes what caused the crisis and how everything was resolved

He seems to have learned much from this period, so I would like to read about it