it's quite possible that he is a fraud. in other words, he knows better. which is easier to believe? that he's an idiot that doesn't know what he's doing (despite an apparently successful career before starting as a media douchebag), or that he lies to benefit himself and others?
He is always on the opposite side, I remember a couple of months ago he thought the bottom was in. Funny because now he is calling for 7700 after the fact the dow is down 30%, gotta love it.
It's a good thing I listened to Cramer. After holding all year, I sold all my stocks today at 2:45pm EST and am now safe in cash. Thanks, Jimmy!
a perfect contrarian indicator is CRAMER. Tons of shorts trapped with 50 SPX-point rally in last hour. S&P futures surging.