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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (6712)	2/15/2000 2:17:00 AM
From: J.Y. Wang	Read Replies (1) \| Respond to of 10293

Well with any luck he only got a hundred emails just like yours, so he might actually have read it. How do you know what mine is like? Huh? The only way I could see you coming off that with that conclusion is it you basically came in with it to start. Sounds to me like you're just echoing Dreman. Why didn't you bother quoting the rest of my message? Cramer's self-described "fundamental analysis" *does not involve any assessment of price. How sustainable is a market -- any market, be it stock, real estate, tulip, automobile, art, etc. -- where price is not a factor? That is how I came to my conclusion that this market -- the Nasdaq in particular -- is a mania. Cramer is the same guy who, in an article last week, admited that one of the reasons P/E doesn't matter is because the individual investor never understood it anyways. But, on a daily basis, he praises the genius of the individual investor (he has to -- they are his customer at thestreet.com). So is the individual investor stupid or smart? Cramer talks out of his mouth and his ass at the same time and should shut one of them up. I admire Cramer in that his trading style is flexible and he swims with the fish when it's profitable to do so. Now you know why Mark Haines at CNBC used to call him the "Cramer of the Church of Whatever is Working Now." Let's just see if he gets out before the fish are fried. Readers should also be aware that while Cramer pumps the market every day, he is 35% cash (according to a chat log from late last week). I read Cramer's articles on a daily basis, many times a day. However, if you really think about his articles, most of them are quite vacuous and devoid of useful* and insightful information. I can sum up 95% of Cramer's articles in the following sentence: "Stock A is a buy because it has been going up; Stock B sucks because it has been going down." I can get that sort of crap on Yahoo.

To: Kevin Podsiadlik who wrote (6712)	2/15/2000 9:51:00 AM
From: Smilodon	Read Replies (1) \| Respond to of 10293

I agree with JY Wang. When we see so many people proclaiming the new era of investing were valuation doesn't matter you know the speculation mania is in full force. It is also comical how anyone can criticise Buffet for not participating when he has accumulated an enormous fortune investing. These things all point to a mania, and manias always end badly. It is just a matter of time. And for those of us who don't have quite the fortune as Buffet, we must still make money during the mania (as opposed to sitting it out) yet still protect ourselves from the inevitable down draft.