Doug Kass comes to the defense of Cramer: "Individual investors are better served listening to Jim Cramer, both with regard to his recommendations and his methodology, than any other business commentator extant." (previously)
Yeah, except for when he called Wachovia.... the stock tanked and people lost milions...on his recommendation...It doesnt matter if the CEO lied at the time. It was still a bad recommendation.
Touche, but notice there is a deeper meaning hidden in Mr. Kass' words, <methodology> being the key. Indeed, one could postulate that the trick here is watching/suffering Cramer on a daily basis...and then employ the "George Costanza" effect to everything he says...for easy money at the least.
HA!!!! I remember vividly in spring, him jumping up an dow shouting dancing that the bear was over totally over, bye bye BEAR he said.....HE DOESNT KNOW WHAT HE WAS TALKING ABOUT, THANK GOD I LISTENED TO JIM ROGERS NOR JIM CRAZY......actually, come to think of it, if we all do the opposite of cramer , it is a sure win!!!!!
Is there any stock commentator out there who is more inconsistent than Cramer? He's one of those investors who always thinks stocks and the overall market are going to go whichever way they have been going the past few weeks.
If DRYS is up ... oh say ... 200% over the course of a month, that means it will continue to go up. If it's down 50%, that probably means it will continue to go down. I've never heard him provide any substantive commentary; it's all (poor) stock psychology.
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Quoth the Slingblade, "MMMHMMM".
If DRYS is up ... oh say ... 200% over the course of a month, that means it will continue to go up. If it's down 50%, that probably means it will continue to go down. I've never heard him provide any substantive commentary; it's all (poor) stock psychology.