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How very Michael Douglas of him.  Brownie points for being honest about it, although I'd have kept my mouth shut if I were him, since he's probably got the SEC breathing down his neck at this point.

Financial markets can be a lot like a casino, if you're playing short.  It's simply impossible to keep up with every little bit of news that will impact a stock price, while also trying to figure out how everybody else on the floor will react.  If you're a big boy with connections in the press like Cramer, sure, you can produce a bit of volatility and take advantage.

Day trading is not for the average Joe.  If you want to play long and diversified, as most people should, it's not much of an issue, because the daily ups and downs don't really mean shit when you're looking at thirty years down the road.  You're probably well insulated from guys like him.  Cramer is playing at the margins with large sums.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Thu Mar 22nd, 2007 at 10:01:32 AM EST

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