Quote from: Torque on October 05, 2018, 03:20:43 PM

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

Quote

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable. Roll Eyes

Can't believe that he can even say this with a straight face.

The more I learn about investing the more I realize how little I know. The pundits and talking heads don't know shit. They're just as clueless as the rest of us. The only difference is they're paid to pretend they know something. Half the time their predictions are accurate...