From Tech Ticker:
“The National Bureau of Economic Research uses five parameters to determine whether the economy is growing or not:

1. Real GDP (inflation-adjusted GDP, that is)
2. Industrial Production
3. Employment
4. Personal Income
5. Wholesale/Retail Sales

Four of five of those indicators rolled over late last year and are now showing the economy in a “deep” recession, Sonders says. The good news is the stock market typically turns up about 60% through an economic downturn; the bad news is that it’s unclear whether we’ve reached that point quite yet, and Sonders is understandably worried about the “deleveraging” of both the financial system and consumer’s dependence on debt.”

Video is embedded below, RSS Readers please click through to full post to watch the clip:

Source:
Yahoo Tech Ticker
“Recession Now: It’s deep and its going to last a long time”
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The reality is that there are many unseen factors playing into the current market drama and no investor knows for sure just how bad this mess may get (hat tip to Barry Ritholtz):

Watch the video and get a few laughs, it helps ease the frustration (hat tip Mike):

Now, this isn’t a Mad Money kind of show. All the clips are only a few minutes long and simply focus on some of the days active subjects.  For instance I just watched:

• Wells Fargo or Bank of America Should Buy Countrywide
• How to Buy Capital One
• Fed Needs to do Some Soul-Searching
• Beazer Foreclosures a Change to Buy Homes on the Cheap
• Why is GameStop the Stock of the Year?

The videos stream one after another, and you only need to watch one commercial (which I just mute) before each clip. What is cool about these videos is they allow you to gain from a skilled investor’s point of a view some insight into what the economy, the market, and these companies are up to.

For me I am all about keeping things simple, and Jim does a good job of speaking that language in his talks. If you want to expand your knowledge base, go watch Jim Cramer on TheStreet.com TV and see what you think.

After this showing, Jim gets invited onto The Colbert Report on comedy central and appears on the show. The clip below is of his appearance and also shows some highlights from his intense closing bell conversation (thanks to Howard Lindzon where I originally found this). Enjoy.

Highlight Quotes:

“They know nothing!!”
“We have Armageddon… we have armageddon…. we have armageddon.”
“Sometimes I wish I just didn’t know anybody, so I could just sit here and say ya know what, go buy some Washington Mutual and take that yield, unfortunately I know too many people and I am too darn old.”