Reinko

Prepare to Sell Monday - Cramer's Mad Money (9/19/08)

For me, as a guy from Europe, the Cramer guy is a very interesting study in the social sciences. Any air time to that guy is the same as giving air time to Paris Hilton or Britney Spears.

That part of the USA I still do not understand: Why are celebrities so important? May be they play some role like the knights and dukes did in Europe centuries ago; they had the power and in the USA the people 'famous for being famous' have a lot of power in the sense they get air time every time they burp some silly stuff.

Like Barry Ritholtz lately pointed out: Cramer is part of the entertainment industry and not part of serious financial analysis.

The Untold Story of U.S. Banks, and Other Market Observations

This article contains weird logic, quote:

Meanwhile, note the vicious decline in gold, as inflation themes have retreated to the back burner.

Inflation retreating to the back burner?????
As you see what is in the pipeline; producer price index, wholesale price index are all 10% or more year on year (and this for a whole lot of months now) it is hard to see inflation retreating.

For the gold retreat please read some of the other articles around gold prices on this website; massive short selling on the futures markets have driven down the spot price to such an extend that the normal relation between supply and demand has been destroyed.

Furthermore; what happens if you add up all the market cap of the banks in this sample? Rather likely it has declined in the last year... And not by a few percent!