Here are a couple short (kinda funny) video clips for anybody that’s even slightly tangled up in the extremely volatile stock market swings that have taken place over the last couple of weeks. Jim Cramer, long time hedge fund manager and host of CNBC’s Mad Money blew his lid last Friday during a discussion about the weak U.S. credit markets. He went on to say that Fed Chairman Ben Bernake is playing “academic games” and that fixed income financial Armageddon is upon us. The Monday after this segment aired the market rebounded 289 points, and then today it tumbled back down 387 points. You do the math.
Critics say his advice is subjective nonsense. Advocates say he’s the only big stock market guru who speaks the truth to the average American stockholder. I personally like the guy because, win or loose, he’s passionate about what he does and he tells you exactly what’s on his mind. This is a little off-topic with my recent posts, but I really thought it was worth sharing.
The original CNBC news feed:
A Comedy Central Colbert Report recap with Jim Cramer: