Wednesday, May 24, 2006
Real Money Blog
Vonage: One More Market Problem
05/24/2006 10:17 AM
In this article, Cramer rips VG, calling it a "piece of junk."
He exclaims: "That, to me, is quite simply exactly what the stocks looked like that were brought to the market in the latter part of 1999 and the early part of 2000."
Also, he ridicules BKC and soon to ipo mastercard.
Bottom line: Cramer feels the flood of low quality supply is a drag on the markets.
Commodities Make Fed's Grim Path Clear
05/24/2006 9:41 AM
In this article, Cramer believes the Fed may be trying to crash the economy in order to commodity supply.
Cramer sums it up: "The only way to do that is to quell demand for these products: kill housing, not just slow it; kill commercial construction, not just slow it; make it too expensive to borrow for everything from gasoline to additions to your home. "
Oversold Rally Gone Bad Plagues Bulls
05/24/2006 9:23 AM
In this article, Cramer cites the negative sentiment in the market now. Moreover, he feels that in order to accomplish a bounce, new leadership must emerge.
He believes that as long as commodity based stocks catch headlines-- there will be pressure on the Fed to squash them.
Furthermore, he blames the weak market on lack of natural buyers, not short sellers.
Finally, he highlights a few companies that have big buybacks in place, such as: C, CBS, BAC, PEP, UTX and SHLD.
Cramer thinks we need a "washout" in order to rally.
Cynicism No Help in Pay Scandal Selloff
05/24/2006 8:39 AM
In this article, Cramer says "he didn't see it coming," with regards to the new pay scandals to hit Wall Street-- specifically HD, UNH and FNM.
Cramer intentionally ignored what management got paid, providing they hit their numbers and performed well.
Cramer ponders: "Where did this newfound self-righteousness come from? "
He cites the willingness of investors to shoot first and keep shooting.
Cramer sums it up: "I think people might be worried that a UnitedHealth will get indicted and maybe the business that will be lost is much more than the earnings that have already been quantified. That's the only real explanation for what I think are endless down moves in stocks that have been hit by these probes. "
05/24/2006 10:17 AM
In this article, Cramer rips VG, calling it a "piece of junk."
He exclaims: "That, to me, is quite simply exactly what the stocks looked like that were brought to the market in the latter part of 1999 and the early part of 2000."
Also, he ridicules BKC and soon to ipo mastercard.
Bottom line: Cramer feels the flood of low quality supply is a drag on the markets.
Commodities Make Fed's Grim Path Clear
05/24/2006 9:41 AM
In this article, Cramer believes the Fed may be trying to crash the economy in order to commodity supply.
Cramer sums it up: "The only way to do that is to quell demand for these products: kill housing, not just slow it; kill commercial construction, not just slow it; make it too expensive to borrow for everything from gasoline to additions to your home. "
Oversold Rally Gone Bad Plagues Bulls
05/24/2006 9:23 AM
In this article, Cramer cites the negative sentiment in the market now. Moreover, he feels that in order to accomplish a bounce, new leadership must emerge.
He believes that as long as commodity based stocks catch headlines-- there will be pressure on the Fed to squash them.
Furthermore, he blames the weak market on lack of natural buyers, not short sellers.
Finally, he highlights a few companies that have big buybacks in place, such as: C, CBS, BAC, PEP, UTX and SHLD.
Cramer thinks we need a "washout" in order to rally.
Cynicism No Help in Pay Scandal Selloff
05/24/2006 8:39 AM
In this article, Cramer says "he didn't see it coming," with regards to the new pay scandals to hit Wall Street-- specifically HD, UNH and FNM.
Cramer intentionally ignored what management got paid, providing they hit their numbers and performed well.
Cramer ponders: "Where did this newfound self-righteousness come from? "
He cites the willingness of investors to shoot first and keep shooting.
Cramer sums it up: "I think people might be worried that a UnitedHealth will get indicted and maybe the business that will be lost is much more than the earnings that have already been quantified. That's the only real explanation for what I think are endless down moves in stocks that have been hit by these probes. "
