Wednesday, June 07, 2006
Real Money Blog
Oil Stocks Greasing the Downward Slide
06/07/2006 3:54 PM
In this article, Cramer cites the collapse in energy related stocks.
He mockingly states: "Maybe people think that the Iranian government is going to be replaced by the Shah's kids?"
Cramer attributes the exaggerated declines to ETF selling, coupled with the momentum guy being "steamrolled."
In short, Cramer says this is the worst market he has seen since 2000-2001.
A Rally Wild Card: Japan
06/07/2006 2:54 PM
In this article, Cramer hopes and prays for a rally in the NIKKEI. However, he is not overly optimistic.
NOTE: As of 10:20 et, the NIKKEI is down more than 340 points. Ouch.
Accept the Fragility of This Tape
06/07/2006 2:31 PM
In this article, Cramer exclaims: "fear has totally taken over."
Furthermore, he cites investors inability to make a stand, fearing he will get "peppered" by "sellers from the S&P futures and ETF pile-ons."
Bottom line: Get used to this environment and don't pay up for anything.
Plenty of Reasons to Feel Better About Drugs
06/07/2006 12:36 PM
In this article, Cramer cites the strength in drug stocks, such as: PFE, GSK, JNJ and SGP.
Also, Cramer gives us his old "if I were at my hedge fund" routine, saying he would be buying the DRG index in size.
He mentions strength in SGP and suggests it will go to a new high of $22.
06/07/2006 3:54 PM
In this article, Cramer cites the collapse in energy related stocks.
He mockingly states: "Maybe people think that the Iranian government is going to be replaced by the Shah's kids?"
Cramer attributes the exaggerated declines to ETF selling, coupled with the momentum guy being "steamrolled."
In short, Cramer says this is the worst market he has seen since 2000-2001.
A Rally Wild Card: Japan
06/07/2006 2:54 PM
In this article, Cramer hopes and prays for a rally in the NIKKEI. However, he is not overly optimistic.
NOTE: As of 10:20 et, the NIKKEI is down more than 340 points. Ouch.
Accept the Fragility of This Tape
06/07/2006 2:31 PM
In this article, Cramer exclaims: "fear has totally taken over."
Furthermore, he cites investors inability to make a stand, fearing he will get "peppered" by "sellers from the S&P futures and ETF pile-ons."
Bottom line: Get used to this environment and don't pay up for anything.
Plenty of Reasons to Feel Better About Drugs
06/07/2006 12:36 PM
In this article, Cramer cites the strength in drug stocks, such as: PFE, GSK, JNJ and SGP.
Also, Cramer gives us his old "if I were at my hedge fund" routine, saying he would be buying the DRG index in size.
He mentions strength in SGP and suggests it will go to a new high of $22.
