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Thread: Jim Cramer

  1. #13

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    Default Re: Jim Cramer

    Yes, that's what I meant - market forecasts the economy. It's not always right, but it's the consensus opinion that decides market direction. It's not mom and pop moving markets, it's those guys I sometimes post about that hold positions worth $100 million and only comprise 4% of their portfolio. Too often, people make statements like, "the market is so rigged there is no reason for it to be going up because the economic numbers are so bad," then they end up in paralysis and complain because they think their opinion is right.

    Inverted yield curve probably did forecast a recession to a degree as the economy was overheated and starting to red-line. Markets were reacting with multiple divergences and signs of distribution as well.

    From 2/12: With nosebleed sentiment levels (FOMO on the next AAPL or TSLA), markets keep marching higher on hundreds of billions in liquidity from China and the US combined. It's not different this time. Indicators serve as early warning and are always clear in hindsight.

    Breadth has been pretty lackluster during this Corona bounce. Equity PC ratios show call buying hand over fist. Bond prices continue to make higher lows. VIX still above the 50DMA.

    https://www.tsptalk.com/mb/members-a...tml#post632711
    Nobody saw this collapse coming, but it pays to watch those internal indicators for signs of a bad moon rising.

    If the forced shutdowns didn't happen, the central banks (globally) wouldn't have reacted the way they did. A more natural recovery would have been better for the long term, so unfortunately the next recession will probably be worse than 2008 and 2020.

    Oh, and yes, I am a fan of Cramer most of the time.

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  3. #14

    Default Re: Jim Cramer

    Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders

    CNBC’s Jim Cramer said professionals on Wall Street are taking advantage of amateur investors by bidding up downtrodden stocks in premarket trading.

    “It’s a game. If it weren’t securities, let’s say it was Monopoly, let’s say it’s Draft Kings ... it would be so much fun,” Cramer said on “Squawk Box.”

    “If people wanted these stocks, there would be plenty of supply if they would just wait until 9:30 a.m.,” Cramer added later on “Squawk on the Street.”
    https://www.cnbc.com/2020/06/12/cram...d-traders.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  5. #15

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    Arrow Re: Jim Cramer

    Quote Originally Posted by tsptalk View Post
    Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders



    https://www.cnbc.com/2020/06/12/cram...d-traders.html
    Nothing new. Pump-n-Dump's have occurred since the dawn of Wall Street.
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

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  7. #16

    Default Re: Jim Cramer

    ‘People should buy stocks’ — Cramer gushes over retail comeback, promising coronavirus drug trial

    CNBC’s Jim Cramer said Tuesday that investors should look to buy stocks following strong retail sales data and a positive study on treating the coronavirus.

    “I’m not saying things are over. But I am saying that the reaction is that people should buy stocks,” Cramer said on “Squawk on the Street.”

    “There’s are a lot of people who have not been in the market,” he added.
    https://www.cnbc.com/2020/06/16/cram...irus-news.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  9. #17

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    Default Re: Jim Cramer

    Wonder what he exactly likes long term. Not this week, but 1-2 years out.

    Many of these - we'll call them Millenial traders - would be doing themselves some great justice if they read Cramer's books and maybe tuned into his show every now and then. Most of what is going on now, the highly leveraged bets on short term options for example, goes against everything he's ever said. Just query a random stock on your preferred social media site and it won't be long until you see screenshots of highly leveraged options plays. All it takes is a gap down to wipe out everything. It's been years since I've watched Cramer's show, but he always did stress diversification and wading into positions.

    Any of his books explain valuation concepts and how a stock price is just an arbitrary number. PEG and PE are his two favorite valuation metrics. Anyone new to this or anyone that hasn't taken the time, Cramer's books give a great overview of valuation investing. I cringe when I see people say they are buying airlines, Hertz, or Chesapeake because they are 'low'. Keep in mind, the GOAT Warren Buffet completely unloaded airlines a little over a month ago. Sure he could have waited, but Berkshire doesn't like the long term prospects here. (Think about it, how will an airline remain profitable with the middle seat empty? Going to have to raise prices.... even more.)

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  11. #18

    Default Re: Jim Cramer

    Quote Originally Posted by Bullitt View Post
    (Think about it, how will an airline remain profitable with the middle seat empty? Going to have to raise prices.... even more.)
    Agree. I feel the same way about casino stocks. Less space / fewer seats for slot machines, maximum 6 players at a craps table, and I don't know how they're going to do with poker with normally 9 - 10 players at a table. The buffets aren't open, and there are fewer seats in the restaurants.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  13. #19

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    Default Re: Jim Cramer

    For those who have followed Davey Day Trader.

    "David (Portnoy) gets them into the casino, I'm trying to move them towards the games of skill."

    https://www.thestreet.com/video/jim-...ot-game-chance

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  15. #20

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    Default Re: Jim Cramer

    Was just talking about this with some other sports fans this week. If it doesn't happen, what will teams/local support do going forward?

    Sports fans rejoice! Baseball made a big effort to making a return with Dr. Anthony Fauci throwing the first pitch when the MLB returned Thursday.

    However, Jim Cramer told TheStreet's Katherine Ross that he worries the optimism won't carry over to the NFL and his beloved Eagles as coronavirus cases continue to surge in the U.S., surpassing 4 million reported cases Thursday, according to data from Johns Hopkins University.

    "How are the Dallas Cowboys going to come up and play the Philadelphia Eagles? No one from Texas is supposed to come up," Cramer said.

    When asked if he thinks the NFL can resume safely, Cramer said, "You can't. Period. You can't."
    https://www.thestreet.com/streetligh...es-cowboys-nba

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  17. #21

    Default Re: Jim Cramer

    ‘Clueless’ investors just keep driving this ‘stupidly bullish’ stock market higher, CNBC’s Jim Cramer says

    ‘Sometimes the market rallies and it makes perfect sense. Then there are days like today, when I can’t take how stupidly bullish this market can be.’
    https://www.marketwatch.com/story/cl...?mod=home-page
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  19. #22

    Default Re: Jim Cramer

    Interesting. I had Cramer on and his opening monologue today told a totally different story than than prior post's headline. Now he says, don't bet against stocks because it looks like money managers are betting on a vaccine.

    I don't watch him often but I was curious after that article.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  21. #23

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    Default Re: Jim Cramer

    He was probably masquerading as "Jimmy Chill" later on after that crazy post earlier.

    He knows it's the algorithms that move the stocks, not retail investors, though retail investors often get blamed for doing the stupid stuff.

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  23. #24

    Default Re: Jim Cramer

    Jim Cramer on relief bill delay: ‘If we don’t have a deal, we’ve got to have a sell-off’

    CNBC’s Jim Cramer said U.S. stocks’ strong to start August may come to an end if Washington lawmakers do not reach a deal on another coronavirus relief package.

    “If we don’t have a deal, we’ve got to have a sell-off,” Cramer said on “Squawk on the Street.”

    “It’s not like we can just avoid a deal and say it doesn’t matter. And that’s what I’m getting concerned about.”
    https://www.cnbc.com/2020/08/06/cram...lief-deal.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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