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Reminiscences of a Stock Operator - Edwin Lefevre
Yes, Reminiscences is a novel, but one that Stewart has obviously never read. Cramer basically re-wrote the novel via intra-day dispatches on thestreet.com in the late 90s - he convinced me, at least, that a long-term strategy was worthless and proved the existence, in real time, of the stock and commodity market mechanisms described in the novel.
There are, indeed, two markets, Jon, and a lot of people bought in to the hype; however, the sober information was and is readily available to anyone who cares to educate themselves before they plunge their life savings into a mutual fund or bet their home on a neg-am mortgage.
Stallion Stewart does it again!
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