Tuesday, March 10, 2009

Cramer of Mad Money articulates the dire situation

"When we rally it will be based on facts, not on silver linings." Cramer has come to the mindset that cheerleading is not what is needed. We need a healthy dose of cynicism. Not only are all of the indicators bad, but nothing that has worked before is working now. In the worst bear market since the Great Depression, or World Depression I, we still can't see the bottom. There is more cynicism yet to purge.

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