I agree, what did he think he was going to do by saying that in such a public arena. He also published an article in NY Magazine yesterday - as noted in another Seeking post.
A Fed Rate Hike Won't Solve the Current Crisis [View article]
T. Boone Pickens has emerged as the sole bi-partisan leader in 2008. Of course he has his own monetary interests in the outcome, but wouldn't you invest in a mutual fund in which the manager has millions of his own cash invested in it?
Investors are cashing in on their gains and dipping into the beaten up areas. They have been waiting for anything positive to come out to reverse the trend and apparently they found it. Can it be sustained? Maybe - until the next IndyMac reminds people that there are still problems out there.
The Cramer Crash? [View article]
A Fed Rate Hike Won't Solve the Current Crisis [View article]
What a Difference a Week Makes [View article]