
Markets behave rationally. But to behave rationally, they need rational information from the business press. And the business press isn’t always rational.
The business press has been invaded by “business babes,” as Howard Kurtz has tastefully labeled them in The Washington Post. These highly-leveraged ladies are setting off what might otherwise be cooler heads in this economy. (Money Honey has already effected my better judgement.)
Imagine what a younger and more attractive version of Ms. Bartiromo could do to men weaker than myself. That woman is Erin Burnett. She’s dangerous. Jim Cramer is going wild trying to impress her. Cramer, hardly a beacon of reason in the first place, is willing to jump totally off the deep end in a primal effort to prove to a potential mate that he’s got more testosterone than Chris Matthews.
Just watch Cramer show off for Erin (at my expense!).
Men get excited. Economic analysis goes to shit. Markets behave irrationally. I have to pick up the pieces (more on that tomorrow).
And now every time I announce a rate cut, it will look like I’m just appeasing Cramer! He’s probably calling Erin non-stop to brag. I’m just glad I swore off Money Honey. If Cramer has any brains, he’ll follow my example and give up on Erin. And same goes to you Chris Matthews!
Links:
[1] http://www.washingtonpost.com/wp-dyn/content/linkset/2005/04/11/LI2005041100587.html/
[2] http://www.newsgroper.com/ben-bernanke/2007/08/22/conclusion-misunderstood
[3] http://www.marketwatch.com/news/story/currencies-dollar-higher-ahead-fridays/story.aspx?guid={38370CE6-ED19-4ACA-B1AC-75D066426C5F}&dist=hplatest
[4] http://www.crooksandliars.com/2007/08/13/chris-matthews-creepy-crush-on-erin-burnett/