Quite frankly, James Cramer is appalled by today’s rally and he’d like you to see your way out, and certainly not to chase it. For if you do, a certain spell of doom will cast over your house. It is Jim’s belief that it is an impossibility for crude oil to trade appreciably higher. Moreover, our banks have yet to feel the full downwards thrust of energy prices and the billions of dollars they lent to see the industry expand.
It is J. Cramer’s belief that investors pallor will soon be ghostly, as prices fall and fall some more. The entirety of civilization will cease to exist and in its place will be nothing but a Bristol Meyers outpost.
He finds you to be of the stupid varietal, disgusting, craven, beastly men, chaser of stocks, subjugated by pajama-clad wearing futures guys–ordinary mountebanks.
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Rats, I am in agreement with Cramer which means I better wait to buy protection on my long term holdings.
Haven’t seen a rally this hated in awhile. Guess too many were leaning the wrong way?
I trade in my pajamas, sold out of SPY today.
There will be a series of oversold readings come March…buy them.
A hearty welcome to each and every Devil Dog who accompanies these rallies, as a contrarian indicator.
I often read on the Internets that there are people who make good money in the markets, fading everything Cramer says. Do folks here think that is true?
The guy is even in the urban dictionary. There is a verb, to get “cramered.”
http://www.urbandictionary.com/define.php?term=Cramered
The YHOO-Melissa bashers at Seeking Alpha are having their short book shoved up their nose! Thats what they get for trying to help
their short positions with baloney posts.
Yeah, they ought to call their site Seeking Suckers. I wonder if they do trade themselves. A lot of people seem to get paid to advise other people to to take risks that these advisers do not take, themselves.
I’m traumatized. I had to look up “mountebank”.