Re: Cramer's take on today
Cramers quite legit if you want loud, boisterous entertainment to be part of your investing strategy. And losing money on the stuff he recommends you buy and sell.
Somebody tracked his recommendations for a couple of years and he didnt do so well.
I used to like reading his blog about 7-8 years ago just to see what goes on in the mind of a manic tradehappy guy who thinks he knows whats going on. Interesting.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.