Friday, October 24, 2008

Anything Can Happen


Let's face it: we live in a US-led deregulatory world, which means that the price of anything can be anything. Think of July when oil was $147/bbl. Now it's below 60.

So...todays price on any given stock can be 58 going on 75, or 58 going on 50.

Most, if not all, experts interviewed on CNBC do not have a memory span that encompasses the 1930's, or many don't have 1987 experience.

That's why Cramer now says repeatedly he's 63, not his correct age of 53.

Labels