They Know Nothing!
In the summer of 2007 Cramer came out and gave one of his most famous clips. His They Know Nothing clip.
The Europeans appear to know nothing as well.
I get concerned with this kind of talk.
Van Rompuy said unwarranted panic sparked the selloff of Italian and Spanish bonds that led the European Central Bank to intervene earlier this month….“Markets aren’t always right,” Van Rompuy said. He cited purchases of the Swiss franc, which jumped 14 percent in value this year, as an example of investors overreacting to European debt concerns and the U.S. credit downgrade by Standard & Poor’s.
But nope, this is a time to be ideological, stand by your principles and ignore the reality of what is actually happening. Consequences be damned.