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Friday, April 3, 2009

Market Babble

WHEN TRADERS MAKE NOISE

Did you hear Cramer today? Last fall, he said that TARP had taken "great depression two" off the table. Then, he started advising people to buy Obama-proof stocks and talking about a "garden variety depression" (gasp!). Today? Well, apparently the depression is 'over'.

One wonders if he has ever held a position longer than 30 days. Not that one shouldn't be nimble or willing to change their mind, but ... seriously, Jim?

If you want a preview picture of what the hardline, GOP, retrograde rant will look like, eventually, catch up with how Larry "The Screaming Reaganite" Kudlow sounded today: monetary policy did it all, everything else was not pro-growth.