Hilary Kramer on Nightly Business News

[Terrel L. Shields]

http://www.pbs.org/nbr/site/onair/transcripts/080709d/

If she is right, Katy Bar the Door....watch for an October surprise

KRAMER: We are going to see absolute capitulation -- not just a day like today, with the S&P 500 down 2.2 percent, we're going to have a day where it looks like the market could never, ever come back,

we have to work through all of the excesses on Wall Street and all the mis-pricing and mismanagement of the mortgage bonds and also even on the equity level, and then we'll see in the fall the market will come back up. We also need one more quarter of redemptions to come in, big institutional redemptions. So that should be September 30th. So hopefully, October we're going to see the market come back after a big, bad capitulation day.

If she has called this correctly, she's the new Garzarelli of Wall Street.