“He’s not a credible analyst. Every time it was a bear market rally he said it was the beginning of a bull and he got it wrong.”
–Nouriel Roubini on CNBC’s James Cramer
Them’s fightin’ words:
“CNBC’s Jim Cramer has another feud on his hands.
Just weeks after “The Daily Show” host Jon Stewart took Cramer to task for trying to turn finance reporting into a “game,” famous bear economist Nouriel Roubini criticized Cramer on Tuesday for predicting bull markets.
“Cramer is a buffoon,” said Roubini, a New York University economics professor often called Dr. Doom. “He was one of those who called six times in a row for this bear market rally to be a bull market rally and he got it wrong. And after all this mess and Jon Stewart he should just shut up because he has no shame . . .”
Cramer recently wrote in a blog that Roubini is “intoxicated” with his own “prescience and vision” and said Roubini should realize that things are better since the stock market’s recent bottom in early March.”
In a battle between two pundits, you gotta go with the guy that has been dead right for 2 years. And the guy who has been dead wrong does not get the benefit of the doubt . . .
Economist Nouriel Roubini lashes out at CNBC host
APNEWS, Apr 8, 6:59 AM (ET)
Banks Finally Get a Little Breathing Room
TheStreet.com, 03/26/09 – 06:47 AM EDT