Filed under 'Unclear Advice'
I've been trying to find a way to blog about the below video to discuss how stock pickers not only don't have the answers, in the environment they believe they have the most value to add they are afraid to share what they do recommend.
At least I think that's what happened at CNBC with Jim Cramer being put on the spot last week over the situation in Europe. I may come back to this when I figure out how two people essentially saying they agree can be on such different wavelengths. It's simply far easier to show the video than to even attempt to explain the disconnected conversation.
Telling though IMHO is when pushed stock-pickers fall back to protecting their ego rather than providing insight. As I've said before (and seen here) there is little attempt to have a rational back-and-forth debate (see Cramer's prior responses to Jon Stewart attempting to have a conversation), or relate how stock-picking fits with an individual's goals.
For entertainment purposes only.
