sickofthebull

The Cramer Crash?

Granted.. Cramer is in the know. However, the network does nothing to edit him, and that disclaimer serves no purpose because novice investors only want to run right to their portfolios and do exactly as he says.. in a way, it's rather irresponsible all around, because the guy has such a huge impact on fans that the market is absolutely impacted in whatever way his comments lead sheepey ignorant investors. This may not be his fault, but the powers that be are well aware of the Cramer effect.. in fact, even the government eventually follows his suggestion. It bothers me because those of us who can listn and still use our own sensibilities are made to suffer because of the irrefutable impact of his remarks. And whether unwittingly or not, he practically has the power to manipulate the markets, in many cases, by who he chooses as guests and his remarks to callers. I am gobsmacked at the ignorance of a television station, which very well knows this dynamic exists, and continues to position themselves as responsible objective reporters when this phenomenon is plain as the predictable rallies and sell offs which he is continually allowed to precipitates. It's sickening, really. And for what?? So he can claim to have known it would all play out just as he said? Well of COURSE!! Unfortunately, this is no joke.. peoples' savings and retirements are involved. I watched in horror as he made swipes at Wamu every night until they were finally raped by the FDIC, and now he uses his platform to tell what the FDIC should do? But the morning the killed Wamu, they were his hero.. but now they're messing with his Bob Stelle. This is outrageous, and it's as if we can do nothing but watch it all play out while our investments deflate before our eyes and he waits for his next pat on the back. Sick!