they get used to a complicit media and know they will get away with everything, usually.... but this time, screw loose cramer forgot about web 2.0 !!!!!!!!!
it doesnt appear that he forgot about anything at all though, he wanted to make the video. After making the video, how could the number of people who see it who were in the studio at the time it was being done believe it was a good idea to then go ahead and post this. unless the street.com is selling him out, i am amzed at the stupidity of people some times.
My co-blog writing partner John nailed this subject pretty good from a traders perspective. IMO http://thetradingdigest.com/blog/?p=69
Lot of that, "hey, I gotta great idea. Let's film this....." going around. Only this time, the audience got screwed.
on the other hand anyone acting aloof as though they didnt know that this went on is just as stupid, people can not possibly be this naieve. it really doesnt change anything we as traders already know about the market. who in here that swings a decent line hasnt given a stock an extra shove to get some momentum building? If you havent your missing out on an extremely valuable tool.
I have to laugh at this. Cramer is just saying what everyone in the hedge fund world already knows. Sure, he's an idiot and a blowhard, but he's right about this. Hedge funds do shady stuff all the time. As for his endorsing illegal activity, that's another matter. But I hardly think the SEC is going to "throw the book at him." The SEC couldn't indite it's way out of a paper bag, let alone prove that Cramer committed fraud over a decade ago.
I'm listening to Cramer on CNBC right now, he quietly just ripped on NY post for making him look like a "bad guy".
Do not expect a reply. None has come, which furthers my belief that most likely this empty rhetoric being spewed is mainly self-serving misguided attempts at giving the spewer a false sense of empowerment, self-importance and/or intellectual superiority that they must be lacking in reality and therefore desperately feel the need to go down the quickest and easiest paths to get this psychological "crack", one of which is to flail their arms wildly in the air while screaming to us poor ignorant masses and pointing at the complicit conspirators that they have so keenly and astutely caught in some devious act, which they are taking the credit for exposing under the guise of looking out for the little guy. Of course that little guy is themselves, and so I believe that this 'tilting at the windmills' of society is done to fill a void and I would even theorize it is a consistent psychology that you would find surrounding many improbable conspiracy theories as well (Just take a look at the personalities on the 9/11 conspiracy thread).
This is a period (.). This is a comma (,). If you are going to rant, please use punctuation; I ran out of breath trying to wade through this crap. And I see Nutsack has signed on. Good. There hasn't been a moronic sidekick worth a shit since Tatoo died.
"And I see Nutsack has signed on. Good. There hasn't been a moronic sidekick worth a shit since Tatoo died." The Mona Lisa took me off ignore