Bear economist Nouriel Roubini criticized CNBC “Mad Money” host Jim Cramer, who rang the opening bell of the New York Stock Exchange on Wednesday, for predicting bull markets.
“Cramer recently wrote in a blog that Roubini is ‘intoxicated’ with his own ‘prescience and vision’ and said Roubini should realize that things are better since the stock market bottom in March. Stocks have rallied 26 percent since.
“Roubini said in 2006 that the worst recession in four decades was on its way. He has attracted attention for his gloomy — and accurate — predictions of the U.S. financial market meltdown.”
Read more here. In an interview after ringing the opening bell, Cramer said it was a “badge of honor” to be called a name by Roubini, and that he welcomes all of his critics on his show.
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