If You Take Your Investment Advice from TV Talking Heads, You Are an Idiot
As Jim Cramer proves here.
As Jim Cramer proves here.
Pronounced "Patter-EE-koh"
E-mail: Just use my moniker Patterico, followed by the @ symbol, followed by gmail.com
Disclaimer: Simpsons avatar may resemble a younger Patterico...
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If the TV talking heads mention an fluctuating investment (like stocks), the time to get in has already passed.
Paul (249390) — 3/17/2008 @ 7:19 pmCramer is entertainment.
kishnevi (3cf898) — 3/17/2008 @ 7:19 pmThat said, the principles he propounds are the right ones; but his extreme hyperactivity makes him more of a clown than an advisor.
Just have to play the game.
NeoconNews.com (2a37f8) — 3/17/2008 @ 8:00 pmThe principles he propounds didn’t work out too well with Bear Stearns.
Patterico (4bda0b) — 3/17/2008 @ 8:05 pmWell wait a minute: I always thought that the louder you spoke into the TV monitor, the more you knew what you were talking about. You mean I have been wrong all this time?
And please don’t tell me that I am wrong in assuming that the more likely you are to use the word “fuck” in a blog comment, the more likely you are to have a really interesting opinion.
JVW (85f15c) — 3/17/2008 @ 8:32 pmAs I understand Cramer’s comments, he is responding to a question about moving an account from Bear not commenting on the stock. Bear was taken over and the accounts are still whole. I understand the equity holders are not, but that wasn’t the question he was answering.
Rick
Rick Caird (7959ef) — 3/18/2008 @ 6:25 amAgreed, but I am not at all sure that you are any better off following the research advice from any of the major wire houses.
Bar Sinister (3b1790) — 3/18/2008 @ 6:47 am