Melted Cramer on Toast

Jim Cramer is the Britney Spears of the financial

punditocracy: famous for being famous, great at attracting attention in a trainwreck

kind of way, self-destructive and self-loathing,

and completely, utterly out of control.

Barry Ritholtz has all

you need to know about Cramer’s latest meltdown on CNBC, complete with the


Method remix version. (Highly recommended, by the way.) The saddest thing

about it is that poor Erin Burnett is desperately trying to

perpetuate the fiction that Cramer actually has something substantive to say:

at one point she even tries to ask him how a Fed rate cut at the overnight end

of the yield curve would bring down long-term interest rates. But of course

Cramer is no longer, if he ever was, the kind of person who thinks about the

shape of the yield curve or really anything at all. He knows only one thing,

and that one thing is always either "buy" or "sell". Right

now, it seems, he’s a seller. Although he, of course, would put it much more


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