Jim Cramer Doesn't Have a Bearish Bone in his Body

Dear Bob:

Just wanted to say thank you for your sanity. I was listening to Cramer on MSNBC (not sure why)and he is calling everyone suckers who are bailing or getting out of stock and of course his advice is to buy now. Might be good advice for some or really bad for others depending on where you are. Just made me want to look to see what you had to say and sure enough, you had a response. Always the voice of reason.

I always appreciate the kind words. Sanity is a strong word. My wife might disagree with the sanity remark.

The only thing that I am doing is looking at market risk. You can have high levels of risk in the stock market for a long time and nothing bad happens. However, high levels of risk always have a reckoning day. Until then, it only matters when it matters.

Are we starting to see risk matter? It is a little to early to say. As I have said many times, one week of stock market declines does not make for a bear market. On the other hand, it is prudent to know your risk level and be realistic about what stock market investors will face at some point.

When listening to people like Jim Cramer, always remember one thing. It is all about the ratings and being bearish is a ratings killer! Plus Cramer works for a company that is owned by GE (a publically traded company)

Although Cramer with all of his screaming and drama can be bearish on a particular stock, I guarantee you that you will never hear him be negative about the stock market in general or the stock of General Electric. At the end of the day, he has to be a yes man and do everything that supports the parent company that hosts his show!