Trader FREAKS OUT During Webinar As Stock Market Crashes (VIDEO)

The Reformed Broker has this, well, pretty darn hilarious video of a trader giving a webinar as the market crashed yesterday.

Our favorite quote comes near the beginning of the trader's tirade: "We call this a capitulation! WHOAH!"

He continues, "Even Cramer doesn't know what to think!"

WATCH the madness for yourself:

Comments

[Paul Roberts]

10:17 AM on 05/11/2010

it's war on the markets, plain and simple.

[GayIthacan]

10:10 PM on 05/09/2010

"1. For those who dismiss Cramer's ability to pick stocks: He had a 24% average annual return over a 14 year period. (That's 24% return every year on average for 14 years). Say what you want but don't dismiss his ability."

Whereas a chimp throwing darts at a dartboard would likely have a similar average, the AVERAGE return for ALL STOCKS for those 24 years being over 17%.

Cramer is just one more in a long line of putzes who called some right, some wrong - just like every other trader out there - most of whom have no clue whatsoever - and almost NONE of whom predicted the second worst financial collapse in history.

[PS9]

07:51 AM on 05/09/2010

Two facts:

1. For those who dismiss Cramer's ability to pick stocks: He had a 24% average annual return over a 14 year period. (That's 24% return every year on average for 14 years). Say what you want but don't dismiss his ability.

2. Regarding the Jon Stewart relationship. Interesting fact-oid. Jon (Liebowicz) Stewart's brother is the head of operations at the New York Stock Exchange. Its his computer system that caused the drop.

[floodmfx]

11:14 AM on 05/11/2010

How much does CNBC pay you to be a shill ?

What does John Stewart's brother have to do with anything ? Are you suggesting guilt by association ? What, are you 5 years old - or just ignornant of the law ?

[cincinnati]

06:21 AM on 05/09/2010

Call Congress and demand an immediate and full investigation.
This could have been innocent, or it could have been done to make billions.
As in any crime, follow the path, who could have done it, who seemed to
profit then or shortly after.

[dante]

11:16 PM on 05/08/2010

I sold all my stock a couple years ago before the crash -- as soon as my house price had inflated beyond the possibility of anyone being able to buy it. That meant I wouldn't be able to sell it, so that must mean the stock market would be in the same boat.

It was in the same boat. Cash doesn't make money but it doesn't lose so much. And I don't really see a good time to get back into stock. Maybe whenever it is possible to sell my house. But that day may never come.

This guy was a hoot -- he probably needs some blood pressure pills. Better buy generic.

[Majus]

07:31 AM on 05/09/2010

>> Cash doesn't make money but it doesn't lose so much.

One word: inflation.

[kankankan]

10:00 AM on 05/09/2010

credit is almost all our money now, if credit collapses, as it is, we have deflation...read Mish http://globaleconomicanalysis.blogspot.com/, he was calling for deflation long before it happened..
to dante's logic, I agree game right now is to protect any wealth you might have, not try to get returns, but I suspect the economic end result of credit collapse/defaults will be the opposite of what happened on way up, asset prices like houses, stocks will collapse, while regular "stuff" we buy will get expensive...food, cars, consumer goods...which maybe not so bad...houses used to be cheap and appliances were expensive...what do we spend more money on?

[jack7576]

09:39 PM on 05/08/2010

LOL

Stupid trader.

[OB-GYN]

09:28 PM on 05/08/2010

Laughing and crying at the same time at this video and audio. Can you imagine if Tim Geithner had been sitting next to this guy at the time? Whoa! Would have loved to be a fly on that wall.

[goodog]

09:11 PM on 05/08/2010

And to think... these are the smart investors.

[tyandambika]

08:57 PM on 05/08/2010

glad i live on an organic farm with no stocks or bonds. the simple life is the life for me.

[proudem]

04:23 PM on 05/09/2010

Aaaawww, you made me think of "Green Acres"......now I can't get that song out of my head. Loved that show back in the day....

[jclaireburke]

07:20 PM on 05/08/2010

Sounds like he's about to have a heart attack.

[spacemonkey086]

07:14 PM on 05/08/2010

this guy is an idiot.

[Jim281]

07:07 PM on 05/08/2010

Seems gamblers can't handle it when the house wins. Which is ALWAYS.

[DrJykell]

07:01 PM on 05/08/2010

WE TOLD YOU!,,,,,,,,,,,,,,WE TOLD YOU!,,,,,,,,,,,,,,,,,,WE TOLD YOU!

WE TOLD YOU,,,,,,,,,,,,,,,YOU STUPID MUTTERF$%KERS,,,,,,,,,,,,,!

Angela Merkel, Germany’s chancellor, likened the wider crisis to “a battle of the politicians against the markets” and attacked the role played by credit-rating agencies.

She declared: “The speculators are our adversaries” suggesting there is a financial war underway that no one in the media seemed to get. Financial analyst Max Keyser sees an outbreak of “financial terrorism.”
http://www.consortiumnews.com/2010/050810b.html

Go ahead,,,,,,, regulate,,,,,,,,and make my day!

[cly]

06:58 PM on 05/08/2010

LOL. This guy has the boring job day after day of conducting "Webinars" (trust me, incredibly boring), and finally one day something like this happens in the middle of one. I was laughing my ass off at him - he's adorable. It was like listening to someone who is really getting into WOW. Funny stuff.

[joanno]

05:04 PM on 05/08/2010

Sooo...this is the voice of the much ballyhooed free market economy upon which we stake our lives and sacred honor not to speak of our economy, our jobs, our way of life....we are doomed.....

[echoshatter]

08:17 PM on 05/08/2010

This isn't a free market. The proof is in the bailouts.

[colah]

10:33 PM on 05/08/2010

Funny.