A couple of days ago, while running on the treadmill at the gym, I looked up at one of the TVs hanging against the wall and noticed that disgraced CNBC buffoon Jim Cramer is still up to his old tricks. Apparently, ostensible hurdles like reality, a complete lack of any credibility, and public humiliation at the hands of Jon Stewart haven't been enough to discourage Cramer from getting right back on his high horse -- because he's once again jumping around like a circus clown on meth, touting the end of the bear market and the new running of the bulls on Wall Street.
Unfortunately, he's not the only one pushing this, pardon the pun, bullshit right now.
And if you find it criminally insulting that these Wall Street types -- the ones who ran a high-stakes casino with your money and basically broke our country's economy -- are now expecting us to forget the recent past, bend over, and once again be gullible dupes for their pro-market hype, you're not alone.
Arianna Huffington puts the whole thing in very good perspective.
The Huffington Post: Wall Street, DC, and the New Financial Euphoria/5.11.09
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