Cramer on CNBC had a meltdown today in relationship to all of this.
Shouting Quotes:
“HE HAS NO IDEA HOW BAD IT IS OUT THERE. HE HAS NO IDEA. HE HAS NO IDEA. I’VE TALKED TO THE HEADS OF ALMOST EVERY SINGLE ONE OF THESE FIRMS IN THE LAST 72 HOURS AND HE HAS NO IDEA!!!”
“AND BILL POOLE HAS NO IDEA WHAT IT’S LIKE OUT THERE!!”
“THESE FIRMS ARE GOING TO GO OUT OF BUSINESS!!!!!”
“THIS IS A DIFFERENT KIND OF MARKET AND THE FED IS ASLEEP AND BILL POOLE IS A SHAME HE’S SHAMEFUL!!!!”
“WE HAVE ARMAGEDDON”
http://www.cnbc.com/id/15840232?video=452808336&play=1
I don’t watch him enough to know his mannerisms, but doesn’t it look like he’s playing to the audience. Maybe a little CYA in action...