Pretzel Logic

Why Are Homebuilders Up On Lousy Earnings? [Housing Tracker]

Hey! As a 30-something investor, I resent these implications! Short attention span, my ass! Wait... what was I talking about again?

Anyway, you'd be surprised how many of us 30-somethings know our history. I've been bearish since 2001 (I actually missed the cyclical bull we completed last year because I stayed bearish the entire time). This market looks a lot like the market of the late 60's to me, and I don't expect an end to the bear for years.

Why all the bashing of 30-40-somethings, when it's the Baby Boomers who took the strongest economy in history and basically destroyed it over the course of about 20 years? They mortgaged our economic future to China, Japan, et al and buried us in debts we cannot repay (except possibly by massive inflation). As far as I'm concerned, the Boomers sold this country down the river, but my generation will be the one left holding the bag.

So which generation has the short attention span, exactly?

Generation X: The suckers who are still buying into their 401Ks and paying their FICA because they don't know their history?

Or the Baby Boomer ME generation who just had to have their entitlements and a bigger home and a plasma TV and timeshare in Venice -- and didn't care how they got them, as long as they got what they wanted?

And, for the record, Cramer is a complete idiot.