Cramer looks everyday for an event with which to save face.
His flip flopping has gotten desperate. His comments come quickly in his lightning rounds and his imbecilic '6 in 60' bit with Melissa, but his highly energetic remarks are ephemeral and in contradiction with what he may have said hours or days earlier. I've seen him attacked on this board for years and have gotten used to the fact that this guy is gonna stay on the air.
He wanders the floor with his stack of papers and works the desk with his sleeves rolled up - a clear sign of his deep due diligence. And yet he can understand apples quarter not it's uncharacteristically optimistic guidance for the next one. He can't calculate the impact of last weekend's historic iphone selling frenzy. He is truly a clown and cnbc foists him on us for the novelty and noise of his demeanor.
Last week it was expectations of new highs for apple. Yesterday he said the worst part of apple's miss was weak sales of iphone and that was likely due to people holding off to buy the 4S. Today its we have to wait for a significant drop or wait another quarter to buy. Cramer sure makes it hard to have any confidence in his opinion.