I got an email yesterday morning from Norman Winski.
I’ve known Norman for a long time.
He’s been involved in astro-trading and astrological analysis for many years now.
He’s looked at market trends, with a special eye towards commodities, and has published a monthly astro-trading newsletter with amazing consistency.
I’m always curious about what he has to say about the current market climate.
But yesterday Norman Winski was contacting me because he had just read the latest issue of FinancialCyclesWeekly newsletter, issue #1449.
The front-page article was about the latest challenges faced by CNBC TV host Jim Cramer and the miserable market performance of the company that Jim Cramer co-founded, TheStreet Inc.
It was my mentioning Jim Cramer that caught Norman Winski’s attention.
“It is my opinion,” Norman said, “that most of the traders I know think Jim Cramer is an obnoxious idiot and change the channel as soon as he comes on.”
As usual, Norman is great at expressing a strong opinion.
But I’m not sure he really got the point I was trying to make about Jim Cramer in my newsletter article.
Is Jim Cramer Really An Obnoxious Idiot?
Sure, Jim Cramer can be pretty obnoxious.
You might even say that he’s taken being obnoxious to the level of an art form.
That abrasive persona he cultivates on his “Mad Money” program helps make him such a polarizing figure.
It’s also what give him enormous audience appeal. In my FinancialCyclesWeekly.com newsletter article I mentioned his over-the-top behavior as one key to his being such a consummate entertainer.
Notice that I said “Entertainer” and not “Market Guru”!
And as I mentioned in my newsletter article, it’s that incredible skill as an entertainer – and not his ability as a market prognosticator – that makes it important for us to keep up with what Jim Cramer is doing.
He often moves public opinion about the markets. That’s true whether or not individuals choose to follow his investment advice.
And because he’s so emotional in his presentations, he embodies one of the most important dynamics of the markets. The old adage is that markets are driven by fear and greed.
Jim Cramer adds an element of hysteria. That alone makes the markets easier to understand, at least for some people.
And the fact is, just because he acts like an idiot on-camera, it doesn’t mean he’s actually an idiot.
That’s not necessarily the conclusion you might reach if you consider his background. Like his Harvard Law degree, his writing, or his skills as an analyst.
Trouble On TheStreet
The real focus of my article in the newsletter, however, wasn’t Jim Cramer’s apparent idiocy or even his entertainment value.
The big story about Jim Cramer now is the criticism he’s been getting.
It’s coming from J. Carlo Cannell, the investor who owns about 9 percent of TheStreet, Inc. (NASDAQ – TST). That’s the company that Jim Cramer co-founded with Martine Peretz, editor of The New Republic.
Cannell is unhappy with the stock’s performance, and rightfully so.
TST stock is down about 96% from its high in 1999.
But what J. Carlo Cannell may not be taking into account is the astrology that’s been working behind the scenes on Jim Cramer’s natal horoscope.
Jim Cramer just completed his second Saturn Return. This means that 2014 is a watershed year for him personally. It gives him an opportunity to create new structures in his life and in his business dealings.
It’s a time when Jim Cramer may feel a lot of stress. But it can also be a time when he lays the foundation for some very big, very profitable changes, with or without the approval of J. Carlo Cannell.