An article in the NY Times magazine caught my eye. All about the clown antics of a certain Booyah Bozo by the name of Jim Cramer. You will be aware of him if you have hours to kill in front of the TV set, and own a set of securities of diminishing value.
In the old days, we used to go down to our broker (most often Merrill Lynch), and waste hours watching the tape go by, with a cup of coffee and a newspaper. And, of course, trade information and rumors. Outright promotion by the broker was a no-no.
So what’s changed?