Friday, February 27, 2009
Great Moments in Self-Parody
CNBC's Jim Cramer says that General Electric (the, ahem, corporate overlords of Jim Cramer) was taking a "positive" step in slashing its dividend 68 percent and that furthermore "I applaud management for doing it."
Which is awesome because I'm going to use all that money I made off Cramer's Bear Stearns call to snap up some undervalued GE stock, which he says he's now buying.
"You can say I'm a complete shill," says Cramer. Indeed.