[Leeb06]

I met Cramer a few years back and take my word for it he is a very intelligent person. He has a historic knowlege of the markets that allows him to take advantage of the relentless patterns that consistantly repeat themselves.

However, when the television lights shine on him another persona emerges which is what you see on CNBC. Unfortunately, many of his best ideas about the market are burried in the circus like atmosphere he calls "Mad Money."

I don't think his outburst on CNBC was anything more than claiming his daily 5 minutes of attention. He along with many financial pundits have stressed that this Fed "has no idea" and they are to academic in their approach to the markets. Cramer for one should know that it was the easing of the interest rates on top of loosening of credit standards that has led us to our current subprime issues. The fed job is not to bailout sectors, investors or financial firms. If the fed were to ease now it would only exacerbate the problem by putting the inevitable financial crunch off for a few more years, and making our financial markets even more unstable with a falling USD. We would be doing just what the subprime lenders encouraged, trading our future properity for a bigger house and a flat panel TV. Markets have very short memories and are forced to relearn the mistakes of the past. This current subprime mess is just a repeat of the Junk Bond fallout and the S/L crisis.