June 17, 2010
Ok, this is getting scary: first, Cramer bashes the entire market yesterday, saying it is a stupid, rapacious, capricious and a bunch of other words we would butcher absent spellcheckurrrr. Then, the CNBC frontman goes out on a full blown tirade against High Frequency Trading, against ongoing flash crashes (melt downs and ups) in names such as the ones we discussed earlier like Diebold and Washington Post, against the whole concept that the market is sane and stable, and lastly, Cramer agrees with us that the only senator worth listening to is Ted Kaufman, who also happens to be a guest on this particular Cramer show. Are we now mainstream or is Cramer too much of a fan? Is it time to switch our motto to “on a long enough timeline we all succeed and prosper courtesy of a neverending Keynesian ponzi pyramid.” Is this the market bottom? Being on the same side of the trade as Cramer is…never good.
This article was posted: Thursday, June 17, 2010 at 4:24 am