By Ryan Powers
Jim Cramer does his stock thing on CNBC and that’s all well and good (sort of). But it is a little aggravating when he starts using the stock market to draw conclusions about non-stock market things. Case in point: On MSNBC this morning — prior to the news of the top kill’s apparent success — Cramer based his prediction that the on-going top kill maneuver will likely work on a small increase in BP’s stock price:
MIKA BRZEZINSKI: Quick question. You’re hearing good signs, good news — quickly — about the top kill.
JIM CRAMER: Yes. Right now, the stock is going up three bucks. That seems to indicate — again the stock has always told the truth — I think this mud solution could be working. Obama could catch a big break at this press conference.
Would it have been too much to just wait and see what Adm. Allen had to say about BP’s efforts?
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