Wednesday, December 22, 2010 2:09:12 PM
The issue is not Cramer himself. Like you said, Cramer pretends to know a lot of stocks, hence his knowledge and understanding on any of them, cannot amount to much.
The real issue is why does he still have a job ? My own personal answer to that question tells me a lot about the psychology of the "market", the retailers or the "investors" whichever way one chooses to call them.
Take the recent move of arna for example. There is no reason imo why it should go up 50% in one day, only to give it back. Buying begets buying, selling begets selling ;nothing but herding factor.
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