Ironically, I watched Kramers shows for the first time last night. He is entertaining I think. I think he was mocking the bearish people with his initial piece and constant shots back at it throughout the show. He is clearly bearish on RE, but so is everyone else at this point. It is one thing to walk away from a bad stock, and another to walk away from a bad loan.
He is very bullish on CAT which is not a stock that would rise in an economic malaise, so this is where you have to take his comments in context. I know many want to believe that he also thinks the world will end, but that was not my take from his comments last night.
I think he is a pretty sharp guy, who has a entertaining style and I will probably watch him more. However, I will not take any of his trades as I make my own decisions there and always will.
