Tuesday, June 13, 2006
Real Money Blog
Don't Count on a Big Drop in Oil
06/13/2006 3:45 PM
In this article, Cramer cites the carnage in the oil/gas sector and suggests the selling is way overdone.
He exclaims: "But if you broke the world's economies, which I don't think is going to happen, would oil go down there without more oil being found? Would oil go back to $45 with Iran saber-rattling and with Saudi Arabia unable to produce what it used to?"
Furthermore, Cramer believes oil may trade down a bit, but not $45-50 like the stocks are indicating.
He sums it up: "You need unlimited firepower to stay this course. You need to believe that oil's not going to $45 to buy these."
Commoditization Speeds Stocks' Slide
06/13/2006 3:22 PM
In this article, Cramer speculates over the recent selloff, suggesting: "Maybe the point of this market is to wipe out every gain that anyone who came in post-Sept. 11 has earned. Maybe it is make the liquidity of the BRIC nations -- Brazil, Russia, India and China -- dry up."
Moreover, he suggests CIB will wipe out its 52 week gain, declining another 37% from here.
What We Want to Hear From the Fed
06/13/2006 2:26 PM
In this article, Cramer bashes the Fed and writes a speech for Bernanke.
NOTE: Cramer is losing his mind.
Tenaris Teaches a Lesson With Maverick
06/13/2006 1:53 PM
In this article, Cramer cites TS's purchase of MVK and suggests: "Didn't they realize that Maverick isn't just a company, it is a stock?!? "
Also, he mocks the investment community for selling off stocks like MVK, while the businessmen over at TS felt it was worth a $17 premium from yesterday's close.
Bottom line: Business is still good-- stocks stink.
Takeovers May Be Brewing
06/13/2006 1:11 PM
In this article, Cramer cites the discounts in AL and NBR and questions whether there is any fundamental worth.
Then he mockingly suggests: "Don't be ridiculous, earnings power will vanish because we are going into a Fed-induced recession that will crush companies like Alcan and Nabors."
Finally, Cramer speculates whether this recent decline in stocks will result in takeover bids.
In the meantime, stocks like BHP, SLB, AA and BHI are defenseless to massive selling and Fed rate hikes.
Teardown in Homebuilders Makes Them Cheap
06/13/2006 12:04 PM
In this article, Cramer points to the poleaxed housing sector and suggests they are cheap, trading 4 times earnings. Furthermore, he acknowledges companies in the sector may have to reduce earnings, but may still be cheap with 50% eps reductions.
He mentions KBH and WCI as good buys.
Liquidations on Rallies Fake Us Out
06/13/2006 11:21 AM
In this article, Cramer believes "every rally is a fake out." He claims the average investor is too distressed to stay in the game and institutions are using rebounds to raise cash.
He mentions failed rally's in GS, BBY, QCOM, and HANS, despite good news.
He feels we will continue this pattern until:
Expect Selling Into Strength, Not Weakness
06/13/2006 10:06 AM
In this article, Cramer feels we are as oversold as we were last month.
Cramer sums it up: "We're too oversold to sell into weakness, not so oversold that we couldn't sell a little into strength for the most beaten-up materials out there."
Stocks Have Become 'Commodified'
06/13/2006 9:26 AM
In this article, Cramer cites the commodity-like movement of stocks.
He exclaims: "We always figured that a day would come where equities were just copper or aluminum and they would rise and fall together. That day is here."
Also, he cites lockstep movements in stocks like AAPL, BA and foreign exchanges.
Furthermore, he suggests the markets are oversold, but can still trade lower.
Finally, he cites takeover bids for MVK and THX as needles in the haystack.
What We Need Is a Good Crisis
06/13/2006 8:54 AM
In this article, Cramer suggests we need a financial crisis to stop the Fed from raising rates. He cites past events that threatened the financial system and exclaims "we could use a good crisis."
He exclaims: "Anyway, it is clear to this observer that this crew at the Fed seems oblivious to what can happen and almost seems to want it to happen before they'll brake the rate hikes."
NOTE: Crazy stuff.
06/13/2006 3:45 PM
In this article, Cramer cites the carnage in the oil/gas sector and suggests the selling is way overdone.
He exclaims: "But if you broke the world's economies, which I don't think is going to happen, would oil go down there without more oil being found? Would oil go back to $45 with Iran saber-rattling and with Saudi Arabia unable to produce what it used to?"
Furthermore, Cramer believes oil may trade down a bit, but not $45-50 like the stocks are indicating.
He sums it up: "You need unlimited firepower to stay this course. You need to believe that oil's not going to $45 to buy these."
Commoditization Speeds Stocks' Slide
06/13/2006 3:22 PM
In this article, Cramer speculates over the recent selloff, suggesting: "Maybe the point of this market is to wipe out every gain that anyone who came in post-Sept. 11 has earned. Maybe it is make the liquidity of the BRIC nations -- Brazil, Russia, India and China -- dry up."
Moreover, he suggests CIB will wipe out its 52 week gain, declining another 37% from here.
What We Want to Hear From the Fed
06/13/2006 2:26 PM
In this article, Cramer bashes the Fed and writes a speech for Bernanke.
NOTE: Cramer is losing his mind.
Tenaris Teaches a Lesson With Maverick
06/13/2006 1:53 PM
In this article, Cramer cites TS's purchase of MVK and suggests: "Didn't they realize that Maverick isn't just a company, it is a stock?!? "
Also, he mocks the investment community for selling off stocks like MVK, while the businessmen over at TS felt it was worth a $17 premium from yesterday's close.
Bottom line: Business is still good-- stocks stink.
Takeovers May Be Brewing
06/13/2006 1:11 PM
In this article, Cramer cites the discounts in AL and NBR and questions whether there is any fundamental worth.
Then he mockingly suggests: "Don't be ridiculous, earnings power will vanish because we are going into a Fed-induced recession that will crush companies like Alcan and Nabors."
Finally, Cramer speculates whether this recent decline in stocks will result in takeover bids.
In the meantime, stocks like BHP, SLB, AA and BHI are defenseless to massive selling and Fed rate hikes.
Teardown in Homebuilders Makes Them Cheap
06/13/2006 12:04 PM
In this article, Cramer points to the poleaxed housing sector and suggests they are cheap, trading 4 times earnings. Furthermore, he acknowledges companies in the sector may have to reduce earnings, but may still be cheap with 50% eps reductions.
He mentions KBH and WCI as good buys.
Liquidations on Rallies Fake Us Out
06/13/2006 11:21 AM
In this article, Cramer believes "every rally is a fake out." He claims the average investor is too distressed to stay in the game and institutions are using rebounds to raise cash.
He mentions failed rally's in GS, BBY, QCOM, and HANS, despite good news.
He feels we will continue this pattern until:
- we get closer to the Fed meeting,
- we get even more oversold and
- we have real bears, not bears who don't like the market when it is down but like it when it is up.
Expect Selling Into Strength, Not Weakness
06/13/2006 10:06 AM
In this article, Cramer feels we are as oversold as we were last month.
Cramer sums it up: "We're too oversold to sell into weakness, not so oversold that we couldn't sell a little into strength for the most beaten-up materials out there."
Stocks Have Become 'Commodified'
06/13/2006 9:26 AM
In this article, Cramer cites the commodity-like movement of stocks.
He exclaims: "We always figured that a day would come where equities were just copper or aluminum and they would rise and fall together. That day is here."
Also, he cites lockstep movements in stocks like AAPL, BA and foreign exchanges.
Furthermore, he suggests the markets are oversold, but can still trade lower.
Finally, he cites takeover bids for MVK and THX as needles in the haystack.
What We Need Is a Good Crisis
06/13/2006 8:54 AM
In this article, Cramer suggests we need a financial crisis to stop the Fed from raising rates. He cites past events that threatened the financial system and exclaims "we could use a good crisis."
He exclaims: "Anyway, it is clear to this observer that this crew at the Fed seems oblivious to what can happen and almost seems to want it to happen before they'll brake the rate hikes."
NOTE: Crazy stuff.
Comments:
<< Home
We need a good crisis? - I would suggest that it's developing even as we speak and equity markets are ground zero. I don't think stocks will have the luxury of seeing some nice, distant currency or debt crisis evolve to which the Fed may respond, thus saving equities. It boggles my mind that a guy as sharp as Cramer is still buying - anything.
I dunno, has cramer been buying? Maybe I missed the AA+ trading call posts on this blog.
It wasn't until Bukkake made his dow-killing speech that it became evident that Bukkake wasn't just a slightly retarded Fed noob. When Bukkake made that speech, we learned that he's much worse--a guy who will spark a global depression to prove he's got inflation-fighting juevos is serving another, darker master.
I can't speak about Cramer's trades, but his tirades against the Fed are spot-on. EVERY Fed chief since Volker has been a complete and utter disaster for the American people.
But they've been a blessing for the extreme-rich they are mandated to serve. I suppose that's all that really matters, isn't it?
Cramer's the only one out there pointing that out, and I have to say...his genius still shines.
It wasn't until Bukkake made his dow-killing speech that it became evident that Bukkake wasn't just a slightly retarded Fed noob. When Bukkake made that speech, we learned that he's much worse--a guy who will spark a global depression to prove he's got inflation-fighting juevos is serving another, darker master.
I can't speak about Cramer's trades, but his tirades against the Fed are spot-on. EVERY Fed chief since Volker has been a complete and utter disaster for the American people.
But they've been a blessing for the extreme-rich they are mandated to serve. I suppose that's all that really matters, isn't it?
Cramer's the only one out there pointing that out, and I have to say...his genius still shines.
PS--I read a blog that said "oh, don't you miss greenspan now?"
No, I don't...I already have my end-zone dance figured out so I can do a little jig on that old crone's grave =)
Post a Comment
No, I don't...I already have my end-zone dance figured out so I can do a little jig on that old crone's grave =)
<< Home