It looks at some of the more speculative elements of Jim Cramer’s Mad Money show, and discovers that for lots of
investors traders, the show has become little more than a tout sheet.
Here’ an excerpt:
"I’ve been mulling over investor complacency for some time now, and Doug Kass’
concerns last month heightened my interest in this area.
In case you missed it, Kass penned a
piece comparing Jim Cramer to 1980’s investment guru Joe Granville: "It is
the immediate, frantic and unquestioning manner in which investors/traders
respond to [Cramer’s] ideas (not the ideas themselves) that is reaching silly
proportions, and that has me unnerved, causing me to question whether the
response to "Mad Money" is a microcosm of a market that has driven fear and
doubt away and is ready for a fall," Kass wrote.
You can read Cramer’s response here,
but I wanted to see if Kass was correct. I was not disappointed in my hunt for
signs of speculative excess."
It seems there are some signs of specualtive excess appearing . . .
Monitoring the ‘Mad Money’ Madness
RealMoney.com, 2/3/2006 12:24 PM EST