We could criticize everyone who blew the government troubles out or proportion, not realizing that the shenanigans had nothing to do with the price-to-earnings multiple of Bristol-Myers Squibb (BMY). But they will get a free pass, too. They will not be ridiculed or called out by commentators because they are friends or good guests, or because the commentators must maintain neutrality in the name of what, I can't figure out. Page views? Ratings? Assets under management?
The bears will not be called out by their bullish peers because their peers are too vulnerable to attack for being too bullish when, not if, they are taken apart by the lurking, looming bear market that's right around the corner. Isn't that why so many abandoned ship for every obvious negative I ticked off above?
So a new year begins, filled with the obvious negatives of higher rates, a new Fed chair, a president who despised the Republicans, and vice versa, even as we got some sort of a deal led by, of all people, Congressional ideologues who were smart enough to see the damage they had caused.
All I can say is the obvious negatives will be even more obvious now that stocks have advanced so much that anyone who remains bullish will be presumed to be as much a charlatan as last year at this time.I'll finish this litany with a simple apology: I'm sorry that I was so bullish in my writings and in my on-air comments; I regret that I was right, and I promise I will never try to be right again because, for the record, it just ain't worth it, and don't let anyone tell you otherwise. Random Musings: I want to thank all our subscribers for their faithfulness in 2013, including the many new ones who are restoring the strength of this once-almost-defeated organization. Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned. Editor's Note: This article was originally published at 10 a.m. EST on Real Money on Dec. 31.
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