A couple of comments directed to Mr. Cramer since he obvious monitors this thread:
(1) Your recent reluctance to talk on the air about your Longs has the appearance of cowardice, a trait you have so far seemed to be admiringly lacking. Every suit on CNBC with the charge of OPM speaks opening and glowingly of their Longs. We, the audience, can decide for ourselves if their bias overshadows their reason. Your normally bright and evocative comments on stocks are missed. Please reconsider.
(2) Your take on getting "the government" to stop mutual funds from intraday execution of customer orders, i.e. the last thirty minutes of idiocy series of articles, is to put it bluntly, Wrong! Rightly or wrongly, it is the individuals, like myself and the other participants in this wonderful bastion of capitalism, who are deciding that they want to take a flyer in the last hour of trading. Maybe we see something that we think is exploitable. Maybe we're simply idiots. Maybe both. Whatever our motivation, it is our choice and now you want the onerous SEC to stop it for "our own good." No thanks. I don't need a collection of bureaucrats, liars and thieves to tell me what I should or shouldn't be doing in my accounts. The market does a pretty good job of that.
I hope you take these comments in the constructive vein in which they were made. You still are the only guest host I turn the sound up on, which is the ultimate compliment, considering where you went to law school.
A
Suffolk Law '76 |
