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EconProf
ParticipantBobS
About two months ago Barron’s had a cover article about Cramer. Their conclusion–great entertainer but poor record of stock picking. OTOH, he rattles off one recommendation after another, so its hard to tell about his overall record. The subsequent Barron’s issues had good letters-to-editor defending him.
I also remember in the wreckage of the tech bubble, Forbes magazine was cruel enough, in about 2003, to document Cramer’s top 10 tech stock picks from a year or two before. Perhaps only one was up, the rest out of business or devastated.ParticipantBobS
About two months ago Barron’s had a cover article about Cramer. Their conclusion–great entertainer but poor record of stock picking. OTOH, he rattles off one recommendation after another, so its hard to tell about his overall record. The subsequent Barron’s issues had good letters-to-editor defending him.
I also remember in the wreckage of the tech bubble, Forbes magazine was cruel enough, in about 2003, to document Cramer’s top 10 tech stock picks from a year or two before. Perhaps only one was up, the rest out of business or devastated.ParticipantBobS
About two months ago Barron’s had a cover article about Cramer. Their conclusion–great entertainer but poor record of stock picking. OTOH, he rattles off one recommendation after another, so its hard to tell about his overall record. The subsequent Barron’s issues had good letters-to-editor defending him.
I also remember in the wreckage of the tech bubble, Forbes magazine was cruel enough, in about 2003, to document Cramer’s top 10 tech stock picks from a year or two before. Perhaps only one was up, the rest out of business or devastated.ParticipantBobS
About two months ago Barron’s had a cover article about Cramer. Their conclusion–great entertainer but poor record of stock picking. OTOH, he rattles off one recommendation after another, so its hard to tell about his overall record. The subsequent Barron’s issues had good letters-to-editor defending him.
I also remember in the wreckage of the tech bubble, Forbes magazine was cruel enough, in about 2003, to document Cramer’s top 10 tech stock picks from a year or two before. Perhaps only one was up, the rest out of business or devastated.ParticipantBobS
Congratulations on picking a smart lady.ParticipantBobS
Congratulations on picking a smart lady.ParticipantBobS
Congratulations on picking a smart lady.ParticipantBobS
Congratulations on picking a smart lady.ParticipantBobS
Congratulations on picking a smart lady.ParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
ParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
ParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
ParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
ParticipantBobS
Back to topic, there has been way too much doom and gloom about the dollar’s fall and the dire effects thereof. There are certain push-back factors that swing into play when our currency falls that are beneficial. They are already serving to help us and will increasingly cushion our economy in 2008. Among them:
1. Our labor costs get increasingly competitive (see above).
2. Our tourism becomes a bargain–bringing foreigners here and deterring us from vacationing abroad.
3. Our industrial rust belt bounces back–the signs are already showing up if one digs deep enough.
4. US-made products become a better bargain to US consumers relative to foreign made, and no, we haven’t forgotten how to make everything.A concept called “purchasing power parity” sums it all up–by asking what a basket of goods costs in each country in their currency. Also called the the Big Mac index. Surprise–the U.S. is a relative bargain. As the world slowly learns this, purchasing habits and investing trends will adjust, to our advantage.
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