The Billy Mays of Wall Street

In honor of Bill Mays, the first “Billy Mays, Salesman of the Year”

2008 – Jim Cramer

Billy Mays never sold a product with a $700 billion commission, plus trailers.

Begs the question, is it a good thing that Wall St is based on PT Barnum’s motto on the minute?

A Bailout by Any Other Name Still Stinks

Bail out the duped and you reward misplaced trust

Bail out the expert and you reward incompetence

By bailing out Wall Street and not the individual homeowners we will cause long term damage by both eroding trust and encouraging incompetence.

Wall Street, with Jim Cramer as its spokesmen, whine that these tactics are necessary to avoid a greater calamity. As I mentioned previously, these same tactics in 1998 are what caused today’s greater calamity.

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat. – Sun Tzu

Bush, Cramer and the Power of Being …

Great Recap of the last 7 years of Bush plus a little Cramer bashing

(note: I think Cramer is no more wrong then any other stock adviser and his general investing advice is great)

http://www.thedailyshow.com/video/index.jhtml?videoId=164178&title=broken-arrow

Enjoy