Oh, I totally agree what you said about Jim Cramer.
I don't know if you saw this segment.
https://www.youtube.com/watch?v=NkytKDzCEeUJim complained that his recommendation of BS was taken out of context. In the above segment Jon Stewart completely destroyed that argument.
I also remember how Jim pumped up the internet stocks before they went bust. He used to ridicule people who advised caution and didn't believe in that hype.
The fact that he is still doing the same crap on CNBC instead of losing face and existing the field talks volume about the credibility of the network as well.
Anyway, the reason I mentioned Jim is I came across his argument that TVIX (and few other derivative ETF) volume reduction being a leading indicator to market recovery. He may be right on that one.