That said, I am going to respect the fact this market was massively oversold and due for a rally as we said this weekend. If things work out perfectly (they never do) a rally to S&P 740 by the time the first Congress person opens their mouth to dash bulls hope would be a perfect set up to sell. I'm plainly upset about how I was set up because if this rally had happened last Thursday instead of being down 3.5% that day we would of been up about 12-13%. Timing is everything... for now I just want to get back to where I was yesterday by 4 PM tomorrow and end this nightmare of a session. Have to shake it off and move on to the next day.
As I drown my virtual sorrows for being ill positioned I will pass along these 2 videos ... note to self: never cross Jon Stewart.
First from last night's The Daily Show - Stewart lambastes Cramer for saying "he never said to buy Bear Stearns" (the segment is 8 minutes but only the first four are about Cramer)
Than this morning the Jim Cramer/Erin Burnett road show continued on the Today Show
Visit msnbc.com for Breaking News, World News, and News about the Economy
While this is all in good fun, it is just a distraction to the focus of making money. But I have much love for the fact CNBC is being exposed for the shill it is.
6 comments:
Mark, Have to agree with you. I'm sick of CNBC too but our cable service dropped Bloomberg -- which I much preferred as it reported news and had good interviews without CNBC's childish sound effects and cheerleading. We'd be better off with Jon Stewart for market news. Thanks for the clips.
Stewart/Colbert/Cramer Nation,
Here is a Promo Poster/Image I made for Thursday's showdown! Hopefully Cramer or Stewart will see this and use it on Wednesday to promote the show!
http://gloombergnews.com/?p=470
GN
Hilarious website GN!
Normally I can't stand Jon Stewart's smug bashing which passes for humor, but in the Cramer instance he has Cramer caught on tape.
The only reason Stewart even bothered to attack Cramer, however, is because Cramer attacked Obama.In Stewart's world,nobody attacks Obama and gets away with it.
Because in the end, comedian Stewart only reserves his version of "humor" to throw barbs at conservatives. Liberal Democrats are "family" and are not to be criticized, at the risk of a Stewart retribution as in the Cramer case.
It would be great if the Daily Show ran the clip of Maria Bartaromo about a year ago defending hundred million dollar executive pay packages by saying they put it back into the economy by going to restaurants and tipping waiters, buying boats and going on vacations. I was so mad I had steam coming out of my ears. What a shill Bartarmomo is.
Anon,
Every darn day you can find a situation. They parade guys who are fully invested to the long side who almost say without fail "its a great time to average in" and "think for the long run". Most of these guys are down 40-50%+.
The hosts are a whole different issue - there are a handful of good ones, but when you compare CNBC Europe to CNBC America its like watching 2 different shows.
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