Cramer's Stop Trading! This Is One of the Greatest Rallies in History (3/27/09) 27 comments
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Stocks discussed Jim Cramer's Stop Trading! TV Program, Friday March 27.
Bank of America (BAC), JP Morgan Chase (JPM), Anadarko Petroleum (APC), Apache (APA), Devon Energy (DVN), KB Homes (KBH), DR Horton (DHI), Pulte Homes (PHM)
Cramer isn't worried about remarks from Bank of America CEO Kenneth Lewis and JP Morgan CEO Jamie Dimon that March was weaker than January and February. He thinks the decline is due to the banks' having been short the first two months and that they had to change their direction during the upturn. Cramer is a bull on the return of investment banking. He is not concerned with the decline in the sector in general because there is a relaxation after a real rally; in a mere bear market rally, banks would just keep going, and in one swoop, would get cut in half. Cramer thinks this isn't merely a real rally; "This has been one of the greatest rallies in history," he declared.
Cramer is also not concerned about the decline in natural gas, either. After Anadarko, Devon Energy and Apache have been up so dramatically, "how can they not take a break?"
KBH's quarter was a "thing of beauty." Cramer doesn't think KBH is in a vacuum, but other good homebuilders such as Pulte and DR Horton are also buys.
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They were almost beaten to death.
With $15,000 credit from uncle Sam,
Home builders sure get a lift.
Other builders such BZH up over 300% since march 12th.
HOV also up over 50% since march 20th.
It's about time to save these real American Industries.
Maybe you should call yourself "Market rat."
An Ace don't behave like that.
You are entitled to your own opinion and others too.
Nobody is right 100% all the time, including you and me.
Just keep calm and stay away from the market for awhile.
You'll be fine.
On Mar 28 11:25 PM Market ace wrote:
> Cramer has already been proven to be an idiot and a giant loser.
> Go ahead a play along suckers!
Several tops hit resistance lines and are bound downwards.
I imagine that all expectations are transformed in buy and sell orders, and thus creating the market prices...............
These market prices are best viewed in graphic format thus enabling investors to know where we are exactly. Please have patience in your spirit and cash in portfolio!
On Mar 28 11:25 PM Market ace wrote:
> Cramer has already been proven to be an idiot and a giant loser.
> Go ahead a play along suckers!
I bought SKF last week at 91. So, I am betting against the banks.
What an idiot.
I think he was "talked to" by the Obama Administration.
On Mar 28 11:25 PM Market ace wrote:
> Cramer has already been proven to be an idiot and a giant loser.
> Go ahead a play along suckers!
But, I expect a typical "summer rally" of about 17% in the NASDAQ. Then, I foresee a later summer swoon of 20% that contiues until year-end. Finally, I envision a 14% surge, as the New Year commences. In short, mostly seasonal stuff, in a volatile, but, rather flat year. Covered call-writes can work in this environment.
Avoid Cramer's stock tips and market advice. He reminds me of the ticket "stoopers" at Wonderland, who marvel at their ability to forecast winners AFTER the race...lol...
The trend is your friend till the bend at the end. The trend has turned positive in a wide spectrum of companies in a wide spectrum of industries.
The greatest wealth building opportunity is at hand. Name brand American global behemoths are on firesale for unbelievable prices. If you missed the 20% uplift you are not late. We are probabbly looking at 100 to 200% uplift coming in quality companies over the next year. If you buy beaten down names in 5 years you will make signifcant wealth.
Follow the trend. Buy now. Rumor's of America's death has been greatly exaggerated.
On Mar 28 09:55 PM Ranchr wrote:
> I ran the Northern California of a geographically diversified home
> building company from the mid-80's through the mid-90's and these
> guys are predominately merchant builders (buy finished lots, build
> and sell homes). Watch and see who is buying lots, that is the leading
> indicator and where you invest.
Lots of wilderness and not much developed.
Unlike the East coast, ocean front is still cheap.
It's just like a different country.
You are exactly correct.
Ross Perot once said " never seen an economist got rich."
How true !! Buying stocks are not exact-science.
Can't fool around with numbers too much.
Some 3.5 million homes sitting empty? A house building boom?
Fed steps in and has to buy 300 of its own dept.
UE up every report, even as those whose benefits have run out drop off the stat sheets?
17,000 troops just beginning in the most expensive black hole war ever "fought"?
China about to pull the plug on our cheap credit?
Trillions of dollars about to be saddled on to the public's back?
Etc. etc. etc.....My good God man, get one of those new stem cell brains. This is a SUCKER bear rally if there ever was one.
Good God man!
In a volatile, down-trending, short-term over bought market, rallies need to be sold.