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Canes ruled the mornings around here, i remember each time i cohosted he would introduce me as reverend Jim Bob Cramer from the church of what is happening now. It was fun back then seemed like everyone was running their own personal hedge fund. There was an understanding a stock could be here today and gone tomorrow and everyone was fine with it those days, those days are long over if you recommend a stock for trade if you say buy it today for the Analyst Meeting and sell it tomorrow, there were always be Youtube Video kicking around that shows you like the stock but never gave the sell call so weve gone well beyond that. Tonight were taking it to the next level where i introduce you to the concept of suitability. Basically, what stocks fit you and what investments are right for you and your age and temperament. I heard ....
Things you need to balance that it can be hard to keep track of everything you need to do and a lot is much more important than day to day action. Without the right discipline, frame work, dare i say philosop philosophy, youll get yourself into trouble but i also know that big picture Financial Advice cob haan be ha process. A lot of it seems down right contradictory to most people we tell you to have convictions and stick with the companies you believe in and change your mind on the dime. You need to be cautious because its so dangerous out there but you also need to be ready to pounce on opportunities when they present themselves. You need to be skeptical but also need to know when to suspend your belief, your disbelief. You need to avoid chasing stocks that have run too much, but you also shouldnt care too much where a stock is coming from if you believe its headed higher you know the rules it doesnt matter where a stock is c ....
And small caps are outperforming. Joining us for the hour is steve grasso taken by semis, is is that ahead of micron, g20 . I think that it is a bit of both bullard was not bullish. Market was expecting one thing, not the other. And micron is after the bell, so people are getting ahead of that people so either earnings or semis, chicken or the egg there, but that took us down. Something the bears point to, semiconductors are traditionally a tell on the economy and they are not at record highs. I think that they are still in correction so if you had to poll everyone now within the marketplace, people are going to err on the side of growth is slowing. Cant find anyone that says growth is ratcheting up. So these have been the bullseye for growthand they have been your cautionary tale thus far within the marketplace and with g20 and with china and everything all encompassing. Microsoft also suffering. Ten year back below 2 all factoring into the selloff lets drill into the big stories. We ....
Make love of stock, no matter how you like the Underlying Company, if the rules say sell it, you sell it. One thing ive learned in my investing career no matter how much you might believe in something, you violate the rules of the road at your own parol but what in the heck do these rules come from . Its not like they were handed down from one high and carved into stone tablets not like the laws of physics, you cant deduce them from serving and gravity. No, the rules coal from experience particular my experience ive spent nearly 40 years in this business and in that time you Better Believe ive learned powerful lessons in many cases, ive learned them the hard way and because i dont want you to repeat my mistakes and because i want you to have the benefit of my career, tonight i want to layout my most important rules for investing, the stuff i really live by some stuff may ....