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Free Markets: Supply & Demand ?
Posted on 03/15/2007 12:07 PM | Link | Post Comment
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One of my favorite movies is "A Few Good Men" that starred Tom Cruise as Lieutenant Daniel Kaffee, Demi Moore as Lt. Commander Jo Ann Galloway, and Jack Nicholson as Colonel Nathan R. Jessep.
There are several great scene's in the movie, but the line that I feel that investors should focus on when taking advice from Wall Street is this one;
"Should we or should we not follow the advice of the galactically stupid."
Now don't get me wrong, I don't think Wall Street is stupid. In fact, they are the smartest people playing the game. I do believe that the uninformed investor who blindly follows the advice from individual investors who do not understand how the game is played can be characterized as "galactically stupid."
Cartoon from: www.cartoonstock.com.
Here is a confession from Jim Cramer on how stocks are manipulated, and misinformation is delivered by Wall Street to various media sources. Cramer admitted that he would not mention this on TV.
Frankly, I am surprised he even admitted this stuff.
Here is Cramer's Interview from You Tube.
Cartoon from: www.cartoonstock.com.
Here is a confession from Jim Cramer on how stocks are manipulated, and misinformation is delivered by Wall Street to various media sources. Cramer admitted that he would not mention this on TV.
Frankly, I am surprised he even admitted this stuff.
Here is Cramer's Interview from You Tube.
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Examples
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