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Joe Stanganelli
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Joe Stanganelli,
User Rank: Light Sabre
8/29/2015 | 11:49:45 PM
Re: Woof
...which is the great tragedy of public company success.  You have your best quarter ever, and then the following quarter have a decent quarter but it's considered a failure/disappointment because it wasn't comparable to or beat out the previous quarter.
mendyk
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mendyk,
User Rank: Light Sabre
8/28/2015 | 8:33:16 AM
Re: Woof
Cramer's an entertainer, first and foremost. But there are a lot of people who take him seriously. Regarding analysts and predictions, we see this every three months, when public companies almost always exceed or fall short of "expected" results.
Joe Stanganelli
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Joe Stanganelli,
User Rank: Light Sabre
8/27/2015 | 7:29:24 PM
Re: Woof
I do think there is a difference between an economist and a market analyst (the latter of which better describes Cramer more than the former).

Of course, analysts in the tech sector too have their own hit-miss ratios that can be rather embarrassing.  ;)
Joe Stanganelli
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Joe Stanganelli,
User Rank: Light Sabre
8/27/2015 | 7:27:53 PM
Re: Kitchen-Table Economics
And the irony is that China is a major (if not the biggest) holder of US dollars and US debt.
Kruz
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Kruz,
User Rank: Light Sabre
8/27/2015 | 9:35:37 AM
Re: Kitchen-Table Economics
You could all blame it on China, but rest assured that it is temporary as the large Chineese economy is still eager to grow.
mendyk
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mendyk,
User Rank: Light Sabre
8/27/2015 | 9:26:36 AM
Re: Woof
Funny -- a similar thought came to me when I had the overexposed mug of Jim Cramer in front of me trying to explain what was happening. I wondered, if you know what's going to happen, wouldn't you be living on your own island somewhere rather than flop-sweating for an audience of thousands every weeknight? Of course, Cramer is as much of an economist as D. Trump is a world leader.
Joe Stanganelli
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Joe Stanganelli,
User Rank: Light Sabre
8/26/2015 | 11:51:19 PM
Kitchen-Table Economics
The market's crashing;

I moved my cash from sugar

To the flour jar.

 
Joe Stanganelli
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Joe Stanganelli,
User Rank: Light Sabre
8/26/2015 | 11:47:08 PM
Re: Woof
On Monday, after the markets closed, the local newsradio station had an economist on explaining why the worst of it all was over and that this was simply a very minor correction.


And even then, I was thinking of that old saying: "An economist is someone who spends his time explaining why the predictions he made yesterday didn't come true today."
mendyk
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mendyk,
User Rank: Light Sabre
8/24/2015 | 3:02:53 PM
Woof
It's fun to watch the "business media" chasing its tail today regarding the frantic swings in the indexes.


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