Tuesday, July 22, 2008

Would You Be Surprised?

I mean seriously - would it surprise you if the video below were NOT a satire?

New Wearable Feedbags Let Americans Eat More, Move Less

Continuing my Wall Street commentary; Jim Cramer had some comments on the whole (ridiculous) short seller conspiracy today in the NY Times. Cramer is generally a die hard bull, and he definitely knows how the trading markets work. Although ignoramuses will misread Cramer's piece as another rant against short sellers who destroy companies, don't miss the most important point from Cramer is his closing line:
You simply can’t bring down an honest, well-capitalized firm,” he wrote. “It will buy every share from you and take it right back up again in your face."
Big Jimbo recognizes the essential fact that companies like Bear Stearns and IndyMac only go out of business when there are actual problems with their businesses - not because mythical short sellers cause their problems.

No comments: