Wow I agree with Cramer
I caught his opening skit tonight mainly out of curiosity and I actually found myself agreeing with him. What amused me was the fact that he was talking as an investor instead of a trader finally. He was talking about value for a change. He was advising people to ignore the noise and look at fundamentals for a change.
I don't look to time tops and bottoms. Mainly because I suck at timing. I look at companies I like and want to own and invest in over the years. I lean toward those with yield. Every month I BUY something with my income stream. I try to pick a down day. Every month my income stream grows. I do monitor my holdings to make sure the thesis for buying them are still intact and will adjust accordingly.
I got tired of all the "I am calling a top " blogs this year especially since they have been proven wrong. I really hate the negative nancys and have called many out on this site over the years. The average Joe has been pretty much chased out of this market. If the crash of Fall '08 didn't make you nervous, certainly the capitulation in early '09 did. And then there was the obscene volatility of much of last year. The SEC certainly doesn't care with all the mouse of chairmen appointed during the years including the current one.
Yeah the game is rigged. We allow high frequency trading. We allow nakid shorting. We allow double and triple ETFs. We abandoned the uptick rule. We repealed Glass-Steagall. We did all this ignoring what it really should be all about. It should be about investing.
Cramer is finally preaching it. Will the powers that be protect the "concept" time will tell.