QUOTE FOR THE DAY

“I have been slow to recognize the bigger issues that are just killing this market in part because I wanted to believe that the current President Bush is smarter than he sounds or looks. I wanted to believe that he could articulate correctly why we went to war in some foreign land where a thousand guys have died and billions have been spent. But he hasn’t. He had terrible intelligence and bad homework, stuff I fire people for regularly and always have.
What we see now in the market is a gradual realization that Bush will be forced out in November and a new man will be president, a man who may not be better for the stock market but one who arguably may not be worse if simply because a gridlocked government is better than the drunken spending and the no-vision team we have in now.” – Jim Cramer, market analyst and investor, of CNBC’s Kudlow and Cramer, in his pay-only column on his website. I wonder if Jim would consider making this column available for free.