jonreagan

Cummins Gets Cramerized; A New Buying Opportunity

Well said...finally someone has coined a fitting term for the miserable phenomenon of "Cramerization". And there are so many versions and sub-themes...how about his "80 to 120" club? Eight stocks that he annointed over the Summer, which were at or near $80; consequently, they would go to par and then on to $120! Obviously a lot of profound thought went into this theorem....

What's worse, check out the results: CAT, BA, TEX, COP, just to name a few. As a part-time investor who tries to stay current, I could have told anyone that Boeing was facing a huge risk, given the warning signs early on relative to the delivery of Dreamliner.The fact that CNBC allows this man to spout advice--in mindless formats like "The Lightning Round"---to small investors and wage-earners is fairly irresponsible, and violates standards of responsible journalism.

Pay no attention to the man behind the curtain; he doesn't know how it works. I'm sure he's a very good man, just a very bad financial advisor......