here's a quote from a recent Cramer commentary, talking about why he is selling - the bold part is what I want to talk about:
"First [reason why he is selling]: I caught this rally. That's really important. I am now in the driver's seat in relation to the market. At my hedge fund, when I was in the driver's seat, I saw very clearly. One of the things I see clearly here is that the market has gone up quite a bit very fast. I don't like that. I have made that clear to readers, listeners, watchers, whomever."
with all due respect, the highlighted part is pure bullshit.
I have read Cramer everyday, and he has done nothing but cheerlead this rally, with article after article why to stay in. even if there has been a comment or two I missed, without a doubt he has been an unqualified bull.
today is the first day he changed as far as I am aware. that's why I hate this guy -not because he changes his mind, but because he never ever says, "now I am changing my mind", it is always, always that he is acting on a plan...
that's why I don't trust this guy, that's why I think he is king pump-and-dumper. |
