InvestBaboo

Cramer's Stop Trading! So Long, Stress Test (4/9/09)

True, the market will take 3 steps forward and a step or step and half back giving you guys the chance to get on the bus. The long term trend is positive. How do I know this? The charts are telling the story. I have posted from about 6 weeks back that I started noticing something unusual in charts. I made a specific reference to Goldman Sachs and Morgan Stanley. Of course, I was dissed on but those were beginning signs of a stock market resurgence led by financials. Since then I made several posts pointing out to further rallies in equities and a decline in Gold. Recently when that moron Michael Mayo made a bad call I said as such and predicted the bank stock rally to continue. Look at what has happened.

I am no genius. If you shut your brain from overanalysis and look at what people are actually doing (reflected in the charts) and not what they are saying you will see where the market is going. This rally is strong. So strong that historical patterns suggest this is the beginning of a long term bull market rally.

I happen to think that this kick in the Jewels that America got will actually produce a better people and a stronger nation. I think that what will emerge over the next few years is a strong economy and a stronger nation and many leading stocks within leading industries that are in single digits today will test new trading highs. What that means is an investment made today in many of these strugglers will produce enormous returns in just a handful of years. Saying in one other way -- what I am saying many of the single digit stocks today will trade at levels higher than their previous best in just a handful of years giving us a wealth creation opportunity of extraordinary magnitude.