The Curious Logic of Macroeconomic Bears

So they were poking fun at my Bristol-Myers (BMY) analysis at "The Half," at least my pronunciation of it. But if you ever again doubt that, in the end, American money managers are buffaloed as to why they should care about Cyprus, because it has nothing to do with the price-to-earnings ratio of Bristol-Myers, I will refer you to the 10 days that Cyprus allegedly shook the world.

When this contretemps broke out, there were people in every capital of Europe talking about the breakdown of banking because the confiscatory plan that the E.U. came up with. It was pretty ugly initially, but it ultimately morphed into what happened here in the savings and loan crisis, where investors in the banks lost their investments, and those who had more than the guaranteed money lost their investments, too....390 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.