Lazarre,
I ask questions with opposing view points because that's what I get paid to do. I am not a paid shill for Wall Street. Additionally, I asked a question that some professional investors have been asking lately in their conversations with me.
If you would like to beat this drum about how bearish I am, that's fine. But clearly, you haven't seen any of my "Ticker Talk" columns over the last two weeks, which have all been about getting bullish on stocks because the worst may be very well behind us. In fact, there have been no less than three such columns in the last week alone. And if you saw my appearance on "Power Lunch" on Thursday, October 8th, it was I who quoted economist Lyle Grammley discussing the possibility of an inter-meeting rate cut by the Federal Reserve, something which James Cramer credits as a key turning point in the market. (The Dow, by the way, was at 7540 when I began that report and has short up 1,100 points from its intra-day low to today's intra-day high.) And, "uh," yes I am aware of that fact.
I have stated many times that I do not have a bias toward the market. I, as an employee of General Electric, own GE stock in my 401 (k). I do not want it to go to 30. It will make my life and my wife's life and my dauhgter's life considerably less enjoyable if the world goes to hell in a handbasket. I get paid to ask questions, tough questions, bearish questions and bullish questions. I ask plenty of each. I assume viewers want topics convered from as many angles as possible. With a numerous scenarios laid before them, our viewers can make an informed choice. |
