- Touch: Good grief what a lousy idea to focus on the Jester when the stock and bond markets of the US and the world were reeling, and people genuinely wanted to know what was going on.
- Times: It is common knowlege that investors are increasingly getting their investment news from the web and not the traditional financial media. It is also well known that Thestreet.com, Mr. Cramer's online investment site, is very successful and widely respected. Barron's own website seems to be in a constant state of reintroduction.
- Timing: The thought is almost too delicious to utter. Could it be that the editors of Barrons were trying to show their new boss, Rupert Murdoch, that they can sucker punch the competition with the best of them?
I know Mr. Cramer is an edutainer because Thestreet.com reprints this blog from time to time, and our investment style is as far from his, as Indiana is from New York. We are long-term dividend oriented investors. Our average holding time is 5 years, Cramer's holding time is measured at most in months, if not days, yet Jim Altucher of the Daily Blogwatch often mentions our site to provide a long-term conservative perspective.
I am truly hoping that this is not the first example of the "new" Barron's hard-nosed financial reporting. It is out of touch, it is a cheap shot, and the timing reeks of -- let's show off for the new boss.
I would like to suggest to the folks at Thestreet.com to do an long-term analysis of the track record of Alan Abelson, Barron's long-time feature editor. When he has been bullish, go long the S&P 500, when he has been bearish, short the S&P 500. My guess is that the results will be ugly. In my mind, Mr. Abelson has predicted 7 of the last 2 bear markets.
Booya, Jim, the blue-bloods are attacking the blue collars. This is what you probably always wanted.