Tuesday, May 13, 2008

Opinion: Ohio is Next Silicon Valley? Has Jim Cramer lost his mind?

I admit, I've enjoyed watching Jim Cramer's antics as of late, and was mildly bemused by his new tech/old tech comparisons this week. But, it all came to a head by his statement last night that Ohio would be the next Silicon Valley. Talk about speculation! It will be interesting to see how the current green trend progresses as we find out more and more that companies pay lip service and high cost marketing campaigns that tout greeness but later find they do nothing to lessen environmental impact. Then there's the PR backlash that is certain to happen when Hybrid vehicles like Toyota's esteemed Prius are worse for the environment when it comes to maintenance of two engines and disposal of fuel cell batteries. Either way, Cramer's new tech philosophy seems to be quit a bit off base from his usual guidance and I think he may have lost a significant amount of credibility in the process. As with anything in the market, time will tell.