That sounds pretty ludicrous to blame everything on the over-optomistic advice of Crameer, Glassman and "their friends in the financial markets". Sounds to me like Larry Elliot, the writer of this article, took their advice and lost his retirement fund. And now he's sore and bitter. Most people who have experience trading will take their cues from the market first and will consider the opinions of others second.
I also take offense to Larry's reference to stock traders and analysts as worshippers of Mammon. I'll bet anything Larry was singing a different tune 5 years ago. Some of us still do make a living off day trading. Just because he probably lost his savings in the market doesn't mean he has the right to go slinging insults at people. It looks bad when a person doesn't take responsibility for their own bad choices.
You must be awfully good. :)
FWIW, I have strong doubts that cramer is even a good trader. I think he was the publicity arm of his hedge fund, since he came across on cnbc in a way that a lot of viewers liked apparently...from his comments, egomania, I find it hard to believe he was successful trading over any period of time, unless it was working completely at the subconscious level and ignoring his own conscious thoughts. OTOH, I have known people with long-established track records that were quite stuck on themselves, so who knows.