From Cramer on the street.com
When you read this, recall that cramer thinks that gold investors are nihilists.
And also:
Everybody is short and knows that gold is going to continue downwards. Its a lead pipe cinch that going short gold is money in the bank.
Getting a little discouraging, isn't it? I know a ton of stocks that I follow have what my wife used to call "no pin action," from her 180 bowling days. Don't pretend you don't know what I mean. You take some AOL (AOL:NYSE) at 135 and it is at 130 by the time you're back from your last meeting or appointment. You think Yahoo!'s (YHOO:Nasdaq) going to run to the 160s when you reach for that 157 stock, and instead you find yourself at 153.
It's just like bowling. You lay down what looks to be the perfect strike and instead you are stuck with that split, the one with the two pins on either side, and you wind up with a miserable 8. Not even a Bud longneck between rounds can make you feel better.
You are not alone. Right now, things just aren't working. My partner, Jeff Berkowitz, and I hear from a ton of people each day and we all feel equally frustrated.
Some are playing less. Some are meeting with more managements. Still others are going on vacation.
And then there is another group: the pressers. They think that by rolling the ball more often, the pin action is going to change in their favor. They think that accelerated, if not frenzied, trading may be the answer, may be the way to get a few spares and strikes.
Forget about it. Go take a vacation. It's the tape, stupid. The action is terrible right now. There are too many deals, the Street is too long, and people are all playing skittishly.
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Everyone is long stocks and short gold |
