Showing Placeholder text for password field in IE

You could also try this… it detects that the browser does not have support for placeholder and works for all input types

function FauxPlaceholder() {
        if(!ElementSupportAttribute('input','placeholder')) {
            $("input[placeholder]").each(function() {
                var $input = $(this);
                $input.after('<input id="'+$input.attr('id')+'-faux" style="display:none;" type="text" value="' + $input.attr('placeholder') + '" />');
                var $faux = $('#'+$input.attr('id')+'-faux');

                $faux.show().attr('class', $input.attr('class')).attr('style', $input.attr('style'));
                $input.hide();

                $faux.focus(function() {
                    $faux.hide();
                    $input.show().focus();
                });

                $input.blur(function() {
                    if($input.val() === '') {
                        $input.hide();
                        $faux.show();
                    }
                });
            });
        }
    }
    function ElementSupportAttribute(elm, attr) {
        var test = document.createElement(elm);
        return attr in test;
    }