May 14, 2010

Jim Cramer on skepticism and pessimism as engines of wealth

When I see greed, when I see froth, when I see over-confidence, I will always hit this button ["Sell! Sell! Sell!"]! I will ring the register ["Cha-ching!"], and what am I gonna do? I'm gonna go get a couple of nice cashmere sweaters.

But right now, I see skeptimism [sic] and pessimism, and judging by the 500-point rally since the bogus sell-off a week ago, plus today's ugliness, pessimism and skepticism are going to be engines of wealth not purveyors of poverty.

~Jim Cramer, "Curb Your Enthusiasm?", Mad Money, May 13th, 2010

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