A couple people asked me what was going to happen, said, hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did, dow sinking 137 points, s p giving up. 90 . Nasdaq plunging. I knew it because the politicians have finally been able to create enough concern in enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washington was also the scene of a real life and death drama today. Im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as their actual goal, which is to embarrass each other, stigmatize each other, make us feel the other side has a reason to worry about being reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. Bu
Hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did dow sinking 137 points, s p giving up. 90 . I knew it because the politicians have finally been able to create enough concern and enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washingtons the scene of a real life and death drama today. And im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as the actual goal, which is to embarrass each other, stigmatize each other making us feel the other side has a reason to be reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. But today, we started caring. Now, im not going to tell you how i feel what can or should happen
S p backs up. 2 . Would you buy amazon here . My quick response, two very different questions, yes and no. Thats right. Yes, i would buy amazon. No, its not worth 400. Welcome to the world of bull market discipline. The discipline to buy stocks that arent cheap, but are right. A discipline that will be tested in the next few days, at last because of todays last hour selloff sell, sell, sell that shook people out of their complacency. Im talking about the rigor to recognize what the market actually wants, though, not necessarily what you want. The dichotomy that says you would rather have a portfolio that is hated by the intelligentsia and making money than be bound by concerns that may not be as relevant as they should be. Lets start with amazon, which hit at an alltime high today, 399 before being repelled along with many other stocks by waves of afternoon selling. This weekend on the most watched news program in america i caught a terrific advertisement for amazon. It was incredible.
S p back 7. 2 . At jim query, would you buy amazon here . My quick response, two very different questions, yes and no. Thats right. Yes, i would buy amazon. No, its not worth 400. Welcome to the world of bull market discipline. The discipline to buy stocks that arent cheap but are right. A discipline that will be tested in the next few days. At last because of todays last hour 7 selloff sell, sell, sell that shook people out of their complacency. Im talking about the rigger to recognize what the market actually wants, though, not necessarily what you want. The dichotomy says you would rather have a portfolio that is hated and making money than be bound by concerns that may not be as relevant as they should be. Lets start with amazon, which hit at an alltime high today, 399 before being repelled along with many other stocks by waves of afternoon selling. This weekend on the most watched news program in america i called it a terrific advertisement for amazon. It was incredible. A film ab
Or thought them shills, and worst of all, permabulls. Im talking about wall street analysts, the research community. This group of highly paid professionals is now a changed breed. They developed a level of skepticism that i cannot recall witnessing before. You know whats truly amazing about this newfound negative aggression of analysts who wanted to downgrade stock at the speed of light . Its been happening at precisely the wrong time. The time when at last, there is a bona fide reason to be bullish. Corporate profits are rolling. Rising profits are the mothers milk of higher stock prices. If you generate better than expected profits, meaning reporting numbers in excess of what this Analyst Community is looking for your stock can go higher, and that was the case for most of last year as analysts were forced kicking and screaming to raise their estimates and price targets, propelling stocks higher and higher right in their faces. I think 2014 will be the year where companies will begin