THE BOOK--Playing The Percentages In Baseball

Tuesday, March 18, 2008

Yappin’ Jim Cramer’s Forecast: Bear Stearns is Fine!

Note: I’m using a non-sports story to make a sports point.  I direct you to Keith Law for your economics fix on the Bear Stearns story.

Thanks to YouTube, we get to hear Jim Cramer with all his convictions.  Do you understand why I can’t stand individual forecasters?  They know as much as the market, if not less.  No one knows more, unless they have insider information. I would love for all the individual baseball forecasters and stock forecasters to shut up, unless they come out with Smooth Jimmy Apollo‘s accompanying statement (courtesy of Dead on:

Well, folks, when you’re right 52% of the time, you’re wrong 48% of the time.

Homer: Why didn’t you say that before!