March 12th, 2009.
Bernie Madoff pleads guilty and faces 150 years in prison.
Jim Cramer willingly submits to his destruction from Jon Stewart and faces an indefinite future of irrelevancy.
Meanwhile the market is up 11% in just 3 days.
Capitulation: This time, it's for real.
DISCLAIMER: I've previously predicted stock market capitulation in March 2008 and August 2007...and been dead wrong. The good news is that I'm not a professional fraudster nor a loud-mouthed TV personality, so the consequence of being dead wrong is merely losing significant sums of my own money. The bad news is fundamentally, I'm no more credible than these two clowns, and shouldn't be listened to by anyone. Third time a charm?
