BACK AT IT AGAIN

In the "you can't make it up department" the crowing rooster, Jimmy Cramer is out with this blog post this morning " a dozen reasons to love this market."

Jim changes as the prices change generally suggesting the market is going higher when it is higher and going lower when the market is indeed lower. That is not what I call helpful. I was so mystified by this method that I went back on his blog and looked for other recent market direction comments.

March 28 - The fed day blog entry of "Wait to buy until Wednesday." That was on the day the market was off hard on the fed announcement and the next day the market was up with the QQQQ closing at 41.92 vs the Tuesday fed day close at 41.14. That of course was a backwards call at best.

March 22- A blog entry called "market still skews toward selling" and on that day the QQQQ closed at 41.21. The QQQQ as I type is 42.32 or 2.7% higher.

March 17- The infamous blog entry called "forget the NAZ for now" and on that day the QQQQ closed at 41.45.

March 8 - A favorite entry called "no reason to trust this rally" when the QQQQ closed at 40.87 only 3.5% lower than the current QQQQ price and about equivalent to the 2006 NAZ gain for the first quarter. Another entry that day was called "can't pretend all's well."

March 6- With all the oil stocks selling off hard, one of Jim's blog entries was "Big oil has become to hard." On that day the OIH closed at 137.01 only about 14 points or more than 10% lower than todays price.


I stand by my methodology of buying lower and selling higher.