Fast Money and Talking Heads - what comedy

March 19, 2008 9:04 PM

I like to watch all the talking heads just so I can comment on them and possibly trade against them if I see something… and for pure entertainment value in trading against them…

I should have writen down each day and their nonsense on Fast Money for the last week…but they LITERALLY have changed their tune EVERY day…I mean it is comical.

Remember the huge rally last week and what Cramer was yelling? “This rally should last weeks” or whatever. All the Fast Money boys were jumping up and down all excited… I said…hmmm…I see one more day….it plunged 2 days later.

Last night, they were all pounding the table …long, long, long…we hit the bottom…this is great…bla bla bla.

What did I say? Not so fast….I have never seen a bottom without a reversal off the SP low…NEVER. So as I have mentioned…trade the market, but careful on the kool-aid.

I am not saying fight the tape….but to jump up and down and then come on today after the market gets pounded and have them totally changing their tune every single day is comical.

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