Wednesday, May 31, 2006
Real Money Blog
Oil Stocks Devolve Into Oil Futures
05/31/2006 3:30 PM
In this article, Cramer cites the oil patch as being absurdly predictable.
He exclaims: " No real rhyme or reason to the oil patch these days. You buy them when they are down, you sell them when they are up."
Market Becomes Land of No Conviction
05/31/2006 3:09 PM
In this article, Cramer suggests the market has no conviction. He senses the market will make many look foolish, trying to guess the next move in BBY, ATI, AAPL or monetary policy.
He declares: "So we go down, we go up and we finish slightly lower than where we are. And we lose people each day to this crummy market."
Can't Win in the Nazz
05/31/2006 1:35 PM
In this article, Cramer describes how bad the nasdaq has been lately. He declares "Marvell trades at 25 times earnings; its multiple is 26. That's just too darned cheap. But no one cares. No one at all."
Commodities Exchanges Flex Pricing Power
05/31/2006 1:05 PM
In this article, Cramer cites BOT's 20% hike in fees and declares "I am shocked at the monopolistic pricing of this stuff versus stocks. It's almost as if trading in stocks eventually will be free, while trading in commodities eventually will get downright prohibitive."
He feels both BOT and CME will go higher, due to their incredible pricing power.
Need to Rally More Than the Usual Suspects
05/31/2006 12:51 PM
In this article, Cramer hates the rally in X, BA, DE, CAT and CMI. He feels we need a broader rally.
Instead of the usual suspects, Cramer would like to see a rally in BAC, QCOM, GD or UTX.
Also, he mentions an impressive move in BBY today.
Bottom line: Cramer says "bummer."
Respect the Volatility
05/31/2006 11:09 AM
In this article, Cramer cites the whipsaw action in oil. He believes the Iran situation will only get worse, due to you their hardline.
Cramer exclaims: "You know that there's no way we are going to have a deal with those warmongers who play out of the German playbook circa 1939."
Bottom line: Cramer doesn't trust the market. He suggests to scale back a bit and keep a close eye on the market.
"...remember that we may not be done retesting that awful level, that S&P low."
Technicals Reign for the Moment
05/31/2006 10:55 AM
In this article, Cramer believes the technicals are in charge.
He declares: "Technical analysis hasn't fallen out of favor among traders, just among the media outlets."
Trickle of Drilling Activity Won't Maroon Oil
05/31/2006 10:28 AM
In this article, Cramer is starting to see oil companies drill again.
Cramer cites RDS.a, STO, NHY for putting their money "in the ground."
Bottom line: Cramer believes drilling will eventually drive oil prices down. However, he doesn't see that happening any time soon.
05/31/2006 3:30 PM
In this article, Cramer cites the oil patch as being absurdly predictable.
He exclaims: " No real rhyme or reason to the oil patch these days. You buy them when they are down, you sell them when they are up."
Market Becomes Land of No Conviction
05/31/2006 3:09 PM
In this article, Cramer suggests the market has no conviction. He senses the market will make many look foolish, trying to guess the next move in BBY, ATI, AAPL or monetary policy.
He declares: "So we go down, we go up and we finish slightly lower than where we are. And we lose people each day to this crummy market."
Can't Win in the Nazz
05/31/2006 1:35 PM
In this article, Cramer describes how bad the nasdaq has been lately. He declares "Marvell trades at 25 times earnings; its multiple is 26. That's just too darned cheap. But no one cares. No one at all."
Commodities Exchanges Flex Pricing Power
05/31/2006 1:05 PM
In this article, Cramer cites BOT's 20% hike in fees and declares "I am shocked at the monopolistic pricing of this stuff versus stocks. It's almost as if trading in stocks eventually will be free, while trading in commodities eventually will get downright prohibitive."
He feels both BOT and CME will go higher, due to their incredible pricing power.
Need to Rally More Than the Usual Suspects
05/31/2006 12:51 PM
In this article, Cramer hates the rally in X, BA, DE, CAT and CMI. He feels we need a broader rally.
Instead of the usual suspects, Cramer would like to see a rally in BAC, QCOM, GD or UTX.
Also, he mentions an impressive move in BBY today.
Bottom line: Cramer says "bummer."
Respect the Volatility
05/31/2006 11:09 AM
In this article, Cramer cites the whipsaw action in oil. He believes the Iran situation will only get worse, due to you their hardline.
Cramer exclaims: "You know that there's no way we are going to have a deal with those warmongers who play out of the German playbook circa 1939."
Bottom line: Cramer doesn't trust the market. He suggests to scale back a bit and keep a close eye on the market.
"...remember that we may not be done retesting that awful level, that S&P low."
Technicals Reign for the Moment
05/31/2006 10:55 AM
In this article, Cramer believes the technicals are in charge.
He declares: "Technical analysis hasn't fallen out of favor among traders, just among the media outlets."
Trickle of Drilling Activity Won't Maroon Oil
05/31/2006 10:28 AM
In this article, Cramer is starting to see oil companies drill again.
Cramer cites RDS.a, STO, NHY for putting their money "in the ground."
Bottom line: Cramer believes drilling will eventually drive oil prices down. However, he doesn't see that happening any time soon.
