02-27-2020, 03:43 AM
Jim Cramer is making my point this week. I have huge respect for his knowledge of economics, and he truly knows how the markets function in great detail. I've even purchased one of his books. With that said, OMG his emotional advice will get you killed. When the market is volatile a typical week is always something like this....
"Watch out, market is crashing, don't buy yet, oh wait, we are buying some now, ouch that was a sucker rally, hope you didn't get in too deep, I told you this wasn't the bottom, don't sell though, bull market's back on, I hope you followed my advice and got rich like we did in my club"
I swear that wasn't much of a stretch. He is NOT helpful when the market is choppy. It's my understanding his early career trading for clients was respectable. Perhaps his ex-wife kept a leash on his emotions. I think my head would explode if I watched CNBC for a full week when the market is volatile.
"Watch out, market is crashing, don't buy yet, oh wait, we are buying some now, ouch that was a sucker rally, hope you didn't get in too deep, I told you this wasn't the bottom, don't sell though, bull market's back on, I hope you followed my advice and got rich like we did in my club"
I swear that wasn't much of a stretch. He is NOT helpful when the market is choppy. It's my understanding his early career trading for clients was respectable. Perhaps his ex-wife kept a leash on his emotions. I think my head would explode if I watched CNBC for a full week when the market is volatile.