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  • Friday, June 09, 2006

     

    Real Money Blog

    This Fed Makes Its Own Market Discount
    06/09/2006 3:37 PM

    In this article, Cramer rips the U.S. stock market by exclaiming: "When I look at the huge close we got overseas vs. this nonsense here, I keep thinking that we have foreigners pulling out money, we have retail not committing capital, we have institutions rotating every which way, and you end up thinking, just get me out and get me to somewhere where the oil money is going and the central bankers are pros."


    Where We Aren't WIth This Selloff
    06/09/2006 2:45 PM

    In this article, Cramer
    cites the lack of company sponsored share buybacks.

    Also, Cramer says the recent selloff hasn't:

    1. create a severe oversold condition,
    2. bring out the kind of huge trading blocks that mark the end of a selloff,
    3. produce new or renewed buybacks by companies or
    4. created an environment where deals have to be cancelled.
    Furthermore, Cramer is dissapointed by the selloff in ADR's. He says: "One of the most disappointing things about today is that the ADRs of all the companies traded overseas opened big and then sold off, and continue to sell off, a sure tell for lower prices overseas if we don't get a reversal by the closing bell."

    Bears Need a New Knock on Sears
    06/09/2006 1:41 PM

    In this article, Cramer cites SHLD's stock action and pounds his chest, declaring its going to $200. Also, he rips into SHLD bears.

    Sellers Can't Resist
    06/09/2006 1:13 PM

    In this article, Cramer believes there are too many sellers in the market, weighing on shares ahead of next weeks CPI data.

    Furthermore, he suggests there is alot of "bad money" in tech, partly due to "
    too-rosy" an outlook by TXN.

    Summer Isn't SOX Season
    06/09/2006 12:48 PM

    In this article, Cramer cites the terrible action in tech's, specifically semiconductor's.

    He exclaims: "
    Remember, when a company beats estimates, guides up and refuses to bow to the naysayers on the call, and yet still goes down, you are dealing with something larger than just the company."

    Bottom line: Stay away from tech. Go away in May worked this year.


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