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First off, Cramer basically ran a boiler room operation a couple decades ago. The guy is a crook and it amazes me he has a show on Bloomberg. I don’t trust either Bloomberg or CNBC, as I see their role as distributing money from the outsiders to the insiders (Wall Street).

I also generally regard the markets these days little better than Las Vegas. They seem to have no relation whatsoever to economic reality.

So everything is going great right now. Less people taking unemployment and great employment numbers. Everything is going in the right direction in the economy and only something really stupid, like the Fed seriously raising rates, is going to be a threat.

As for the market, I am loathe to say we are in anything more than a medium term correction. I would not bet against the POTUS the US has. I do think the market is vastly over value so I likely wouldn’t invest in it either.

First off, Cramer basically ran a boiler room operation a couple decades ago. The guy is a crook and it amazes me he has a show on Bloomberg.

Cramer ran a hedge fund, whereas boiler room operations sell penny stocks. Very different lines of business. Cramer’s returns weren’t great, but that’s because most fund managers under-perform the (mostly passive) indices over time, despite the massive amounts of brainpower devoted to money management.