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Cramer Turns Glum on the Idiotic Athletic Footwear Sector

Some of you might pine for Nike Air Jordan’s because you bought them when you were young, healthy, and with hair. Aside from the donning of rubber sneakers on grown men being nothing short of infantile, consider the reliance that both Nike and FL have on Michael Jordan, a brand that grosses $2.6 billion in revenues per annum.

What if Mike went OJ and cut someone’s head off? Then what? Then you’re fucked.

Both Nike and FL are shorts, in my opinion, for a sundry of reasons. Personally, I believe the NBA is a laughable farce. I never liked the sport, always felt my time was better off doing anything at all but basketball. Okay, the truth is I once started to play basketball as a teenager and had my face split open for me on the rock head of my best friend. Aside from that, basketball hasn’t been good since Larry Johnson hit a 4 pointer in the Knicks playoff’s winship.

Cramer has turned negative on the group, beguiled by the uncertainty of a sector that is dependent upon a criminal element in the culture to spur sales.

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6 comments

  1. vandamme

    The Chinese love basketball. That’s literally all you need to know.

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    • scottbot

      as long as players are kicking each other in the nuts and going all WWE out there, as well as being carefully rigged for maximum drama and dollars, the NBA will remain a cash crop

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  2. one-eighty

    I just spent $130. on a pair of running shoes. As long as people want to get outside and do stuff, there’ll be a good market for decent shoes.

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  3. matt_bear

    Nike’s top of the line tennis shoes are now priced at $220. Crazy. If you’re any good at tennis the shoes will barely last 3-4 months.

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  4. Po Pimp

    I got a pair of non-brand sandals that have lasted over 10 years. The pair I had before that lasted close to 15 years. Paid about $10 per pair and wear them damn near every day.

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  5. The Maven

    The NBA Nielsen Ratings are not good at all. And the average ghetto denizen wearing MJ shoes needs to work for 3 years on his McDonald’s salary to afford the bus fare to Foot Locker.

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