Panic is never good.  Life in NY can be rough (If you can make it here) you know the song. Is this guy running away from falling Cranes or falling brokers? Hard to say, maybe it’s both. I would look for falling office equipment over there too as most of the workers are screwed.$2 a share…I would be pissed too.   I mean my coffee and bagel this morning cost $8 so basically I could own 4 shares of BS.   Yes absolutely that is B.S., all we saw was a modern day run on the bank.  I don’t think it’s over yet either.   Meanwhile over in TV Land.  Make me “Mad Money”…. More like Irate…. if you owned Bear Stearns stock and watch Jim Cramer last week.    I hope he is watching his back out there in Englewood cliffs as a sniper may be in the trees around the CNBC campus.  People lost millions, billions… and he told them no to be stupid and sell when it was at $65 a week ago.. As someone who does a lot of TV I know that the age of You Tube and the DVR make anything you say on TV a public record, basically forever.  I am very proud of most of my predictions.  In fact I called for commodities to back off here, I mean you don’t have to be Sherlock Holmes to figure out a correction was overdue, but it will also be short lived so bargain hunt now.  Anyway here I am on Kudlow talking about the coming commodities correction. Segment #1  http://www.cnbc.com/id/15840232?video=684970418  Segment#2  http://www.cnbc.com/id/15840232?video=684968409  Segment #3  http://www.cnbc.com/id/15840232?video=685020572   And here I am on CNBC talking about an oil pullback before the market opened, when it did open it fell about $5.  Go figure.  http://www.cnbc.com/id/15840232?video=687289924     Now I have also made some bad calls on TV.. like Evergreen Solar and a couple of uranium stocks a few years ago but nothing completely absurd, and I always take responsibility for it when a call goes wrong. Now Jim Cramer on CNBC made the mother of all bad calls recently and then was on TV the next week as if nothing happened. The 5 Minute Forecast (from Agora Financial pointed this out in their issue yesterday.    

The 5 Min. Forecast

P.S. We’ve heard (and made) some bad calls in our time, but this is certainly one of the worst.

Jim Cramer on Mad Money last Wednesday: “Don’t move your money from Bear… that’s just being silly” Ouch.

 http://www.redlasso.com/ClipPlayer.aspx?id=ae47b67d-2523-4946-a2ad-aadc68176f67 

To be so wrong and still say it with such conviction to millions and then not acknowledge your mistake…Humility is the most important trait of a trader… that is what Jim is after all, isn’t it?

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This entry was posted on Tuesday, March 18th, 2008 at 6:30 am and is filed under Media Appearances, Uncategorized, gold. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.