BxCapricorn

Alcoa's Quarterly Results: Mixed Bag

I'm pretty sure I've read a dozen estimates, all varying in degree, this past week, but only one thing is certain. Every analyst I saw kept lowering their estimates as the weeks went on. They just could not cut them faster than reality. We've watched oil reserves over the past few weeks, dramatically increase, and yet the market makers continue to jive the public with spin and data manipulation. The BDI continues to drop, day after day, and electricity usage in China is plummeting, since mid-March. Why can't we just accept the fact that globalization ended with the opening ceremonies of this year's Summer Olympics? Time to pull up the flowers and plant some vegetables, convert that yard to a victory garden, share a meal at a restaurant, and use the Internet to cut back on physical travel.

Clueless - Cramer's Mad Money (10/8/08)

So the first part of his show was spend chastising Bernanke and admitting that stocks were to be avoided, while the rest of the show, and his programming schedule for the remainder of the year will have him touting one sector after another. If he remains true to form, he'll push each sector after it has already moved while telling his viewers to sell any sector that has bottomed. The man's a menace. I'd love to know how many investors he has bankrupted over the past year-and-a-half, that he has known we are in a bear market cycle.