Let's face it - America has become a gigantic casino economy - college kids banking on Cramer picks, endless credit, poker, inheritances... . Then go to work in some HF or try to get on with an IB... What a future.
Personally i think CNBC is one of the best indicators on investor sentiment of the "dumb money" in the markets. Its a great contrarian indicator to find short-medium term tops and bottoms. As for Crammer, i wish he would explode like that more often....that interview was hillarious.
If you didn't see the Cramer episode as a great contrarian buy signal, you probably shouldn't be trading with real money.
Notice they increased the dosage on his meds today? I have never heard him talk this calm. Somebody got a warning. el surdo
What do you expect from him on an up day? His unusual calmness got me to worry about my longs heading into tomorrow. They may sell the Fed news?