Delicious pan of Jim Cramer and TheStreet.com by Alan Abelson, the only bear worth listening to.
interactive.wsj.com
A recent article in the New York Times referred to James J. Cramer as a Wall Street "triple threat." The phrase, borrowed from football, was meant to be complimentary, of course, equating Mr. Cramer's formidable multi-disciplinary achievements (he's a star of portfolio, print and TV) with the now-obsoleted but once revered back who could run, pass or kick with devastating dexterity. As it happens, "triple threat" is not entirely inapt as a literal description of Mr. Cramer's performance in his various roles.
On television, for example, Mr. Cramer is an unfailing and formidable threat to coherence. In print, he's a threat to objective journalism, since he's an unremitting practitioner of subjective journalism, with only one subject -- himself. And, as hedge-fund manager, Mr. Cramer, whose portfolio was up all of 2% last year (after fees, although what the fees were for, we're not clear), is manifestly a threat to the financial well-being of his limited partners. |
