I’ve been busy working on new projects the past two months, and it’s going to get worse before it gets better. My busy schedule has left me with little time to tend to my portfolio, which may be a blessing. There is a saying out there in the financial world that sometimes the smartest thing to do is… nothing.

My portfolio has sagged, bounced, fallen, spiked, and mellowed with the wild markets in the last couple weeks, but I’m still on the upside, and managed to pick up some more Provident Energy Trust (PVX: chart, web, Y!) when the CANROYS dipped …

Lately it’s become quite evident that Jim Cramer is a fan of the bull market. In fact, he’s willing to go so far as to melt down, live on national television in an effort to fend off the bears.

Cramerica has a modest population, and the man did have a remarkable career managing a hedge fund. However, while you could take Cramer’s advice and buy his recommendations, others are actually shorting his recommendations based on the Cramer effect.

Interestingly, I came across a Barron’s article that produces some revealing numbers on Mr. Cramer.

Here are some excerpts:

Over the past two …

Read more…

Last Friday, the Fed cut the discount interest rate by a full 50 basis points in an attempt to difuse the summer’s credit debacle. This led to a complete reversal of the overall weeks market decline. I have to wonder how long this support for an ailing market will last.

At the beginning of the month, market guru Jim Cramer had an on-air breakdown that the Fed just absolutely has to do something about this fallout in the market…

Of course, the more skin in the game you have, the more self preservation is required… if you know what I mean.

Now that the Fed cut the discount rate, …

On the brink of a Fed meeting, and with the latest turmoil in the markets due to among other things, credit and sub-prime lending, I ask you this:

Should Bernanke and the Fed step in to simmer these markets down?

Post your response as a comment.