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I have been following the ranting and raving Cramer for a number of years.
As long as you can put up with his shouting and shiney forehead (as someone
here quipped nicely!) he has some very good things to say. Yes, he
can sometimes go off at a tangent but he really does have some wisdom to
offer. In a business such speculation I just do not understand 'traders'
who can put down other traders at the drop-of-a-hat.
<P>In defense of Cramer?..... I for one, 2nd the motion.
<P>E.
<P>Proeber, Tim wrote:
<BLOCKQUOTE TYPE=CITE>
<P><FONT SIZE=-1>I think that Cramer is generally right about technicians.
Cramer has consistently beat the S&P for the last 10 years -- usually
by double digits -- this with several hundred million under management.</FONT>
<P><FONT SIZE=-1>He wants to have more TA on TheStreet.Com because that
is what alot of his customers want. You must or may admit that alot
of TA is 20-20 hindsight nonsense. At one point, he was the largest
individual options trader on Wallstreet. How many RTs trade more
successfully than he does?</FONT>
<P><FONT SIZE=-1>One thing that Cramer does that few TA "experts" or any
$ manager does, is admit and chronicle his mistakes.</FONT>
<P><FONT SIZE=-1>I get much more from TheStreet.Com in one week that I
have from RT in the last 6 months. It is not a put down of RT --
just the truth.</FONT>
<P><FONT SIZE=-1>Tim Proeber</FONT>
<BR><FONT SIZE=-1>tproeber@xxxxxxxxxx</FONT></BLOCKQUOTE>
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</x-html>From ???@??? Wed Jul 29 13:25:04 1998
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Date: Wed, 29 Jul 1998 10:51:51 -0700
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From: Renate Muldowney <mailbox@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: What is a stock market predictor that works?
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Rt'ers
Please add to this list
This is not a request for your trading technique but a request for some info.
Rational or irrational reasons why the market may go down from here or
anywhere so far include:
1) The AFL/NFL winning.
2) Ruckheiser's elves are nearly all bullish or bearish.
3) S&P valued at over what they would need to earn in the next 20 years or
less than 5 years earnings.
4) Saturn in charge means down....??? means up
5) More money moving in from 401k's
6) The Bonds making a major move,
Thanks
Renate
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