January 31, 2008

Fingerspitzengef├╝hl my foot!

I said I'd report back on NYT today. They announced feeble results with the usual lower ad revenues as their business migrates to Craigslist and elsewhere. I'd forecast a positive surprise. The stock slumped 8% immediately. Then, lo, it clawed its way back up to flat by the close. Rallying on bear news,eh? It won't take long for that signal to reach the conscious minds of the bozos* who shorted NYT down here and below. Duh! It's an asset play! And by the way the NYT endorsed the 2 most probable Nominees, both of whom know how to return a favour. Slimy, yet satisfying.

*Some of these bozos are identified here. It figures.

Mad Money, Mitt Romney

I like Jim Cramer. When he sits down and stops yelling, he's a terrific communicator of how markets work. Here he is in show-biz mode:
This unrelated clip shows Cramer at his best and baddest giving a masterclass on market manipulation: