11 March 2009

The Market: At last, some clarity

Jim Cramer, who is in the news a lot lately for becoming Jon Stewart's latest punching bag, has an epiphany:
"My job is not just to entertain you but to educate you," he says. "You know what drives market pros and grizzled veterans crazy about this particular market? It's that no pattern that we've had before, ever, nothing that worked before, is working now."

"We're like navigators operating without a map or compass." Now, with the Dow below 7,000, he tells us.

as described on Salon.com

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2 Comments:

At 11 March, 2009 20:53, Anonymous Anonymous said...

"not just to entertain you but to educate you"? Ok, granted he's on tv and all, but given that he's supposed to be the Big Expert dishing advance, should those two really be equal?

 
At 11 March, 2009 21:05, Blogger Clemens said...

Actually, I think the statement privileges the "to entertain" directive.

 

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