The Billionaire Bears Club

I don’t regularly watch CNBC, but last week while on vacation, I turned on the Sirius XM radio and was instantly assaulted with Jim Cramer’s shrieking. I was about to turn the channel when he shouted how the ‘billionaire bears’ might finally be catching a break with the stock market downdraft.
I have to give Cramer credit, that’s a good line to describe the growing cohort of negative investment legends. Wondering if Jim came up with it on his own, I googled it.
Aware of the burgeoning $1.99 Kindle romance section where some serious authors have created pseudo names to write under because the money is too good to pass up, I have never actually been exposed to these books. Until now…
Did Cramer come up with his description after reading Ursala Maya’s The Billionaire Bears Club? I had planned to quote the summary in this post, but even the summary’s innuendo might be pushing it.

This post was published at Zero Hedge on Aug 15, 2017.