King T

Questioning Jim Cramer On The Merits Of ETFs

Mr. Kang is too apologetic in this article. Cramer is an overrated, over-emotional trader that is a perma-bull. He spent his entire career obtaining insider trading tips to make his customers money. It is extremely easy to pick stocks in a bull market, but his performance speaks for itself during this downturn. Calling for investors to jump in heavy when the Dow was 14000 and calling a bottom on multiple occasions on the way down show his lack of technical and fundamental trading knowledge. Now he is reverting to the blame game on his show instead of performing the due diligence in order to help his investors. The truth is we will see S&P earnings near $60-$65. Markets bottom at roughly 10x PE. That places us at roughly 600-650 on the S&P 500. So it would be pretty safe to say that we will retest the bottom...so why bottom fish now?

Remember when this crook was touting Crystallex and Sirius Radio? He never gave up and never told investors to use their stop losses. Good thing us true traders know how to short the market!

ETFs are here to stay because they offer broad diversification. Double and triple levered ETFs are also positives for investors because it allows for leverage without having to play options. The most beautiful thing about them is they offer long and short positions while reducing the hypocracy of mutual fund managers. Next time you see your invoice, call your mutual fund manager and ask him for a breakout of the fees charged within the year. Hope you enjoy...