Another fun-filled day in the market, with the market starting up early and reversing and trending down the rest of the day. The good news is that advancer led decliners, yet everyone seemingly remains pessimistic. Folks keep expecting a rotation into large caps, since small caps have outperformed in recent years. I'm diversified, but did increase beta in the last half of last week with some semiconductors and small caps.
While February tends to be weak and March tends to be strong, we haven't seen that play out this year. March often times sees a low and a strong rally. March often times sees a temporary top in the market, too. We are in an election year, and can't ignore the possibility of the typical 4-yr election swoon. However, with bearishness this high (as noted yesterday), it's hard to believe that those bears aren't already out of the market. The only thing they can do now to influence the market is to cover shorts o
The Biggest Show in Cramerica! at 2006-03-22 12:06:58
When I first started listening to realmoney radio on my nightly jogs last year, I'd hear Cramer mention a stock or two and mention why he liked it. Sometimes his fundamental reason for liking a stock would grab my curiosity, so I'd look it up and run it through my Black Box and see if it looked interesting from my vantage point. Sometimes it did. Usually it didn't.
But the show has lost the ability to provide me with any sort of fundamental value. Just the mention of a stock can send it rising or falling almost immediately. Whatever interest I may have had in a stock suddenly is wiped away as the stock gaps in one direction. It seems as if those who watch the TV show are tuning into the radio show, trying to get a preview of what
