Yes we broke through a very important resistance level yesterday (see post) and I have to be bullish and positioned long (which I am), but a post from Cramer on RealMoney.com has me very concerned. Check this out.
Cramer has a real talent for buying at tops, so if you own the Ag or Nat gas stocks be very, very careful. Also, don’t be surprised to see oil at 70 in the near future.
Are you serious? I didn’t think Cramer every got any call he made wrong.
I think an interesting study would be the return on a portfolio based on doing the exact opposite of what Cramer says - shorting his buy calls, buying his sell calls. I bet it would do pretty well.
No question about it. The thing that I find so amusing/disturbing is that he always seems to convince himself that he made the right call.