August 3rd, 2008
Anniversary of Cramer “Rant”
Christmas … It’s been a year since Jumpin’ Joltin’ Jersey Jim Cramer lost his cool (?) on CNBC one afternoon, insisting the Fed “knows nothing” and that the bond markets were already experiencing “Armageddon.”
Almost everyone now thinks he was right.
As if to celebrate, we just closed one of the most volatile weeks in a long time. Nobody knows what the morrow will bring. Traders are praying for a “quiet August” after an absolutely impossible July.
