You can thank Cramer for your Loss on WM too. They should take this guy off CNBC. I think it has gone to his head. Who would have believed some guy who honked horns, yelled and screamed about stocks would have such credibility. About the last person left with any credibility on CNBC is Art Cashen.
Right on about CNBC. They have a vested interest in sensationalizing what ever is going on in the market. If they don't who would watch. There is only ONE person CNBC that I listen to and that is Art Cashen of UBS. He know his stuff but they don't have in on much. He should be on every day before , during and after the close.
Betting On Oil? Pay Close Attention To The Facts [View article]
The most illogical reason oil goes up is when refinery utilization goes down. That makes gasoline prices rise and oil follows. The truth is that if refineries are not producing gas, there is LESS demand for oil, yet oil goes up.
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