Posts filed under “Psychology”
It looks at some of the more speculative elements of Jim Cramer’s Mad Money show, and discovers that for lots of
investors traders, the show has become little more than a tout sheet.
Here’ an excerpt:
"I’ve been mulling over investor complacency for some time now, and Doug Kass’
concerns last month heightened my interest in this area.
In case you missed it, Kass penned a
piece comparing Jim Cramer to 1980′s investment guru Joe Granville: "It is
the immediate, frantic and unquestioning manner in which investors/traders
respond to [Cramer's] ideas (not the ideas themselves) that is reaching silly
proportions, and that has me unnerved, causing me to question whether the
response to "Mad Money" is a microcosm of a market that has driven fear and
doubt away and is ready for a fall," Kass wrote.
You can read Cramer’s response here,
but I wanted to see if Kass was correct. I was not disappointed in my hunt for
signs of speculative excess."
It seems there are some signs of specualtive excess appearing . . .
Monitoring the ‘Mad Money’ Madness
RealMoney.com, 2/3/2006 12:24 PM EST