Back in 2000, the market topped in March, but Cramer was a screaming bull into the fall. Then, about 1500 NASDAQ points down, he reminded everyone that if they followed his advice, they would have escaped the downturn. The real problem was that he believed it.
More recently, there was this:
YouTube - Rick Santelli Takes Down Jim Cramer
Cramer is smart, but he's a phony and he's dangerous. Ask yourself how he (or anyone) can be an expert on 8000 stocks plus know exactly where the market is going. The little pecker is ugly, has a horrible voice, and his eyes are going to pop out of his head any day.
As for Phil Town, he's
just another 90s bull market expert. I did pretty well in the market in the 90s, too, mostly by doing nothing. Maybe there's a book in that. I'm more interested in the ideas of someone who has ridden out 3, 4 or 5 bear markets.