Longs: You're On Notice
Buying When We're Oversold Can Be Dicey
By Jim Cramer
RealMoney.com Columnist
3/13/2008 11:43 AM EDT
Shorts: You're On Notice
Shorts Don't Work in an Oversold Market
By Jim Cramer
RealMoney.com Columnist
3/13/2008 2:15 PM EDT
So in summation, longs and shorts don't work, but tune in to Mad Money tonight for 42 stocks to play.
In an unrelated story, he has Carolina winning March Madness, unless they get outscored.
7 comments:
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I don't know who's more embarassing .....
Cramer or Ritholtz ?????
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lol...not only will he have 42 stocks tonight...but they all have to be long positions! I mean, if you are going to have a show where the entire premise is that you must frantically re-allocate your long-term portfolio based on every single little market gyration...at least let your die-hard viewers take a short once in a while! If he really thought, for example, that we were way overbought, would he have to recommend going long something that would just LOSE the least amount of money? He's gotta be getting itchy...you can't have a show like that and keep viewers through a bear-market. He's got a Dykstra correlation of 1.00...
The blogosphere has voted, and Cramer is evidently more embarrassing than Ritholtz, regardless of any comparison of their accuracy, returns, or "gonzo-ness" in trying to drive traffic. Here is my evidence-based assessment:
Posts on blogs which criticize Cramer bring forth piling-on; posts on blogs which criticize Ritholtz actually bring forth some defenders of Barry.
Cramer gets linked only in a negative manner, except, of course, by his own sites and those with business relationships to him, which link him positively and excessively; Ritholtz actually has some people that independently choose to link to him for reasons other than denigration.
Obviously, the financial blogging community is less embarrassed by Ritholtz than Cramer ...
yeah, i mean I don't agree with some of Barry's points, but I generally like his work. Cramer just off the charts misrepresents so much of his act, I really only scratch the surface here. I mean it's inherently dishonest to promote a show saying "he has 2000 stocks in his head and knows exactly what to do with them" and then when challenged on some of those picks, says to disregard all but the one he gives some thought to at the beginning.
What's his secret msg? Voldy is trying to tell the option peepz that selling vol is a good idea here.
That's classic Cramer, speaking from both sides of his mouth. Usually he staggers his alternating advice by a day or so. This was a glaring slip. Truly bad form! ;) LoL
Mike: LMAO, I hadn't thought of that, it's brilliant on his part.
BD: Yes, he usually has a bit more time lag than that,lol.
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