Cramer says 'Raise Cash' - Buffet Buys - Who Do You Follow?

by billb 23. September 2008 18:59

OK, it's a rhetorical question.  Whoever follows Cramer gets what he or she deserves.  I was shaking my head this morning as I saw the Cramer blip to "raise cash" and go into "gold".  This is the type of advice I would expect from someone who managed OPM.  On the other hand, the man who has stayed steady to his philosophies for a lifetime is putting up at least 5 billion of his own money to buy up financials ... quality financials of course, while there's blood in the streets.  While there's talk of not HAVING a Wall Street.

Well, I was a little early, but I've been wading into financials and still hold some C stock that was assigned at 22.50.  I've been selling calls on it since.  I'm also selling XLF puts that are way out of the money.  I'd like to say I'm as wise or insightful as Buffet, but not a chance ....

I was told by a radio person long ago that advertisers target audiences based on the volume of the commercial.  And I mean how "loud" they are, not how many.  Think about the difference between a Ford commercial versus a Mercedes Benz commercial.  Or maybe an ad for a monster truck rally (this SUNDAY! SUNDAY! SUNDAY!) versus an ad for the symphony orchestra and you start to understand the point.

So who has the loudest voice on financial TV and what is his target audience, versus who has the much quieter and reserved demeanor, but casts a much heavier line. Anecdotal coincidence? 

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