tejek-
i've never been a cramer fan and i wouldn't trust him as far as i could throw him, but...
he's exactly right in this piece. but it doesn't prove he's smart or intuitive, i've been saying the same thing since february of 2001. it's also why this thread and the majority of SI threads have turned from stock talk to political talk... because this administration is exactly what's wrong with business and that's what the market is all about so political talk IS stock talk. the market has gone nowhere. i'm surprised it hasn't collapsed even further. it will not recover until we have a new administration that can assure the business customers, partners and players all over the globe that we want to do business fairly with the rest of the world.
we have an administration that is running the government just like a business... a CROOKED business. a crooked business can sometimes thrive in riches for a while but eventually the whole thing comes tumbling down. the only businesses thriving right now are those connected in one way or another to the white house... oil, gas, energy, defense, guns and ammo, etc.
look at how enron was run and look at how the white house is run and you'll see a pair of identical twins.
all this war and "terrorist" crapola is just diversionary "smoke and mirrors" to distract americans while some crooks are looting the surpluses we saved up over the past 10 years.
we're in the last decade of the "good old boy", "arm twisting", "cheating", "deceptive" power plays from a financial and political "high leverage" position. what happened to enron will happen to all who try to succeed with those methods.
the business successes in the 21st century will come from smarts, productivity, customer communications and satisfaction, trustworthy partnership relations, use of information technology and the ability to change direction in a heartbeat.
when we have an administration that knows this and handles itself in a way that is mindful and careful that executive policy supports and rewards those kinds of actions in business, the market will grow - because it's forward looking and can see that business growth and entrepreneurship have had their roadblocks removed.
when we get a team that runs the government like a 21st century business, only then will america have a chance for success.
so why did it take cramer over three years to figure it out?
he's a bit slow.
JMHO
-elpolvo |