I am so tired of Cramer’s endless rants. See, what you know about Cramer is that he is a flip-flopper. What most of you cannot fathom is his ability to manage money, in a responsible manner.
But, you’re wrong.
There are two types of investors.
One: The guy, like Einhorn, Ackman or Buffett, who sticks to a thesis and doesn’t waiver, unless proven wrong.
Two: The guy, like Cramer and everyone on realmoney.com, who trades based upon the wind patterns of Wall Street.
The problem: Cramer style is terrible for the unwashed folk watching his show/reading his blog, especially those who have an investment time frame of more than 3 days. Because he is constantly changing his mind, he appears to never make any sense. When in fact, his nonsensical advice is perfectly sensible to someone who trades like a degenerate OTB guy.
China’s stock market is down more than 50%, year to date. I am here to remind you that markets do not go straight up, after killing so many people. There is so much overhead resistance, littered with people trying to salvage their life savings, it will take years for the Shanghai to recover, sort of like Nasdaq 5,000.
On this faux hype, I want to go short China, via [[FXP]] or outright positions in China Life Insurance Company Ltd. (ADR) [[LFC]] , China Mobile Ltd. (ADR) [[CHL]] or [[CEA]] .Comments »