cnbc/cramer hit new low
- Thread starter ETcallhome
- Start date
On the face of it, he's correct. It's not any one retail investor's fault that the market moved in a certain way. So what's the point of beating yourself over the head over the market's moves? You can only take responsibility for your trades.
Funny how after 6 straight years of gains we get 6 weeks of selling and everyone hasn't a clue what to do...wake up already...did anyone think the bull market was going to last forever....don't be surprised by a 40% pullback. .the fed can't do a damn thing to stop it...negative interest rates and QE 4 will only mean they are desperate to keep these markets afloat.... The fed has ruined this world economy... You probably don't notice it but you will in due time.
Blaming it on the market doesn't seem consistent with taking responsibility for your trades. But its probably what most of his viewers want to hear. So I'm guessing that's why he said it
Of course they did. Most people are sheep, not used to thinking for themselves.
I'll admit that Cramer is entertaining, but no one can consistently forecast the direction of the market as he pretends to be able to do. I repeat: No one can consistently forecast the direction of the market. That is the point.
no, but all value investors believe the market is wrong when they buy
I love when he consults one of his chartists, especially "the Fibonacci queen". TA can work but not the dreck Cramer dredges up. Except in his well-chosen examples.