Cramer Agrees with Poole? Stop Trading! (7/10/08)

Recap of Jim Cramer’s comments on Stop Trading! Thursday July 10.

 Fannie Mae (FNM), Freddie Mac (FRE): Cramer actually agrees with Bill Poole, a man whom he maligned during his famous Stop Trading! tirade a year ago. Both Cramer and Poole think that Fannie and Freddie are basically insolvent, but Cramer was critical that Poole spoke as if he was trying to “pull the carpet from under them.” Cramer thinks the companies should no longer be private equities and should be made over into government agencies.

Lehman Brothers (LEH): On news Lehman is down 18%, Cramer said Dick Fuld needs to buy up at least a million shares of the troubled bank. In general, Cramer doesn’t think financials have bottomed yet and would go to other sectors, such as healthcare. 

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Comments

[roblites]

Mr. Cramer should be more interested in the fact that Mr.Poole's comment vaulted the gold market and that Mr. Poole works for Merk Investments who is involved in the metals market. How much money do you think Merk made on this setup? Does it seem ethical that a former official can ethically do something like that? I think it stinks.

[roblites]

Jun 23, 2008 ... Former Fed President Poole Joins Merk Investments as Senior Economic Advisor ... Merk Investments LLC announced today that William Poole, ...
newsguide.us/.../finan.../ - 39k - Cached - Similar pages

[roblites]

Former Fed President Poole Joins Merk Investments as Senior Economic Advisor
Merk Investments LLC announced today that William Poole, the former President of the Federal Reserve Bank of St. Louis, has accepted a position as the mutual fund company's senior economic advisor.

Palo Alto, CA (PRWEB) July 1, 2008 -- Merk Investments LLC announced today that William Poole, the former President of the Federal Reserve Bank of St. Louis, has accepted a position as the mutual fund company's senior economic advisor.

"Beyond his role as a voice of reason on the Federal Open Market Committee (FOMC) in recent years, Mr. Poole is a distinguished scholar and promoter of macroeconomic understanding," says Axel Merk, president and chief investment officer at Merk. "We are honored to have our research be enriched by his insights and experience."

"I am pleased to join Merk Investments in its efforts to interpret and forecast monetary policy. My engagement at Merk Investments will allow me to stay in close touch with the markets at a time when monetary policy may be more relevant than ever," concludes Mr. Poole.

William Poole is Senior Fellow at the Cato Institute and in the fall will join the faculty of the University of Delaware as Distinguished Scholar in Residence. Poole retired as President and CEO of the Federal Reserve Bank of St. Louis in March 2008. In that position, which he held from March 1998, he served on the Federal Reserve's main monetary policy body, the Federal Open Market Committee. He directed the Bank's main office in St. Louis and its three branches in Memphis, Little Rock and Louisville. While at the St. Louis Fed, Poole presented over 150 speeches and was a prominent voice advocating monetary policy consistent with low inflation.

About Merk Investments
Merk Investments is a registered investment adviser and the manager of the Merk Mutual Funds with over $400 million in assets under management. Through its funds, Merk Investments seeks to provide retail investors with options to diversify their holdings outside of the U.S. dollar and to provide non-US dollar income to fight the effects of inflation.

For more information on the Merk Mutual Funds, please visit merkfund.com.

As with any mutual fund product, there is no guarantee that the Fund will achieve its goals. Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds' website at merkfund.com or calling 866-MERKFUND. Please read the prospectus carefully before you invest.

The Fund's investment value will fluctuate, and shares, when redeemed may be worth more or less than original cost. Principal investment risks include, but are not limited to, currency exchange rate risk, foreign instrument risk, gold related and derivative securities risk, interest rate risk, and non-diversification risk. For a more complete discussion of these risks please refer to the Fund's prospectus. Foreside Fund Services, LLC, distributor.

# # #


Former Fed President Poole Joins Merk Investments as Senior Economic Advisor
Merk Investments LLC announced today that William Poole, the former President of the Federal Reserve Bank of St. Louis, has accepted a position as the mutual fund company's senior economic advisor.

Palo Alto, CA (PRWEB) July 1, 2008 -- Merk Investments LLC announced today that William Poole, the former President of the Federal Reserve Bank of St. Louis, has accepted a position as the mutual fund company's senior economic advisor.

"Beyond his role as a voice of reason on the Federal Open Market Committee (FOMC) in recent years, Mr. Poole is a distinguished scholar and promoter of macroeconomic understanding," says Axel Merk, president and chief investment officer at Merk. "We are honored to have our research be enriched by his insights and experience."

"I am pleased to join Merk Investments in its efforts to interpret and forecast monetary policy. My engagement at Merk Investments will allow me to stay in close touch with the markets at a time when monetary policy may be more relevant than ever," concludes Mr. Poole.

William Poole is Senior Fellow at the Cato Institute and in the fall will join the faculty of the University of Delaware as Distinguished Scholar in Residence. Poole retired as President and CEO of the Federal Reserve Bank of St. Louis in March 2008. In that position, which he held from March 1998, he served on the Federal Reserve's main monetary policy body, the Federal Open Market Committee. He directed the Bank's main office in St. Louis and its three branches in Memphis, Little Rock and Louisville. While at the St. Louis Fed, Poole presented over 150 speeches and was a prominent voice advocating monetary policy consistent with low inflation.

About Merk Investments
Merk Investments is a registered investment adviser and the manager of the Merk Mutual Funds with over $400 million in assets under management. Through its funds, Merk Investments seeks to provide retail investors with options to diversify their holdings outside of the U.S. dollar and to provide non-US dollar income to fight the effects of inflation.

For more information on the Merk Mutual Funds, please visit merkfund.com.

As with any mutual fund product, there is no guarantee that the Fund will achieve its goals. Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds' website at merkfund.com or calling 866-MERKFUND. Please read the prospectus carefully before you invest.

The Fund's investment value will fluctuate, and shares, when redeemed may be worth more or less than original cost. Principal investment risks include, but are not limited to, currency exchange rate risk, foreign instrument risk, gold related and derivative securities risk, interest rate risk, and non-diversification risk. For a more complete discussion of these risks please refer to the Fund's prospectus. Foreside Fund Services, LLC, distributor.

# # #




Palo Alto, CA (PRWEB) July 1, 2008 -- Merk Investments LLC announced today that William Poole, the former President of the Federal Reserve Bank of St. Louis, has accepted a position as the mutual fund company's senior economic advisor.

"Beyond his role as a voice of reason on the Federal Open Market Committee (FOMC) in recent years, Mr. Poole is a distinguished scholar and promoter of macroeconomic understanding," says Axel Merk, president and chief investment officer at Merk. "We are honored to have our research be enriched by his insights and experience."

[User 224526]

Why ANYONE puts value in Cramer's picks are BEYOND me....
If you look at his track record, he's at a 48% accuracy rating...
LET ME REPEAT THAT, he's at a 48% accuracy rating...HIS PICKS ARE NO BETTER THAN A COIN FLIP!!!!!
caps.fool.com/player/t...

If you look at his "big wins" (they are in deed HUGE), however, that's nothing more than insider information.....

PLEASE tell me why Cramer has ANY street cred.?