Pri_dk: Agreed. There’s a clown on this board who periodically rears up and starts bloviating about his prowess in the market. His strategies, if you can even refer to them as such, are nothing other than short-term market timing devices and he has a definite herd mentality going.
He goes on and on about the numerous “investment” info sources he reviews on a daily basis, but can’t fathom a financial statement and has no understanding of value investing.
Cramer and his cohorts at CNBC are exactly what you paint them as: A circus, and one devised to get ratings. Watching Maria Bartiromo fawn over Thain and Cayne and Lewis and never once ask a hard ball question while this whole fiasco was unwinding was sickening. This isn’t serious business reporting or journalism, it’s feckless pandering and they weren’t alone. Stewart is no better: He will absolutely excoriate anyone who fails to pay fealty to Obama, as will Bill Maher on “Real Time”. Good journalism is dead.
