Drudge Retort: Red Meat for Yellow Dogs
Wednesday, January 20, 2010

I think that investors who are nervous about the dictatorship of the Pelosi proletariatwill feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win. It will be a signal that a more pro-business, less pro-labor government could be in front of us...How about a little bit less like the old Soviet Union? Yeah, that would be a bit more like it. Pelosi politburo emasculation!

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The news about the stock market was already posted. The Jim Cramer freakfest was not.

And speaking of Jim Cramer and his freakfest, it's more than passing strange that the guy not only attempts to equate Pelosi with ye olde Politburo, but he's got an emasculation fear attached (if "attached" can be used to describe Cramer's emasculation fantasies).

726

If Health care is stopped...every one of the "in" insurance companies, drug companies ect. will take a hit today. Same with all the traders (like goldman) who were to gain from trading Carbon Tax credits. Like wise the energy companies.

So what you are seeing is people selling are the 'winners' that were picked by this administration - and what you see is some buying of the others. But it will take about 2 days to shake out. The Market knows who is now going to lose out..but it is unclear as to who is going to win.

In the long term this will be a net positive for the market as it bodes well for getting spending under control.

Funny, the market analysts are crediting the decline to a sell off of IBM and China cutting lending. Not health care.

Why Jim Cramer is on the air at CNBC is beyond me. His misses are huge. Anyone that bought into the market yesterday based on his advice is a fool.

Jim Cramer is a demagogue. I'll give him credit for being able to rattle off the financials and management teams of hundreds of companies, but where the rubber meets the road is in investment performance. And his are lousy, continually lagging the market.

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