Wednesday, June 14, 2006
Real Money Blog
Can't Ignore the Selloff in Bank Stocks
06/14/2006 1:06 PM
In this article, Cramer cites the financials getting crushed and declares its "worrisome." Although, much of the selling may be attributed to options expiration and a "no one gets out of here alive" attitude by investors.
Nonetheless, Cramer thinks it is a "very big mistake" to ignore the breakdown in the BKX.
When Good Stocks Suffer, It's Time to Buy
06/14/2006 12:27 PM
In this article, Cramer discusses the recent selloff and states BA was wrongly sold off.
He exclaims: "With the gravitational pull it began to get crushed like everything else. It was simply a stock in a commodity basket of stocks."
Also, he mentions BBY and all the negative news that surrounded the stock prior to earnings. Furthermore, he cites oil stocks trading below where they were trading when oil was $45 p/b.
He declares: "If you decide "Nope, it is a bear market," you will miss those opportunities. Tough sell? Maybe, but I have learned that when I label a whole market a bear market, I make major mistakes and blow lots of easy chances to make money."
Buying Oil Stocks Takes Bravery
06/14/2006 10:15 AM
In this article, Cramer says it takes "bravery" to buy oil stocks. He feels the sector is oversold and it is not reflecting adverse weather conditions or geopolitical risks.
Also, he doesn't believe the data, regarding natgas storage, tells the entire story.
He exclaims: "Oh, and it is true that we are brimming with nat gas in this country. But has anyone noticed that there isn't a lot of storage space for nat gas to begin with? Storage may be full, but how much storage is there?"
He mentions NBR, HAL and CVX.
Get Ready to Go With Goldman
06/14/2006 10:01 AM
In this article, Cramer cites GS's new CEO Hank Paulson's 3 million shares and declares: "I think that when Paulson's done and the Fed's next quarter-point move is discounted, you pounce on this one."
Bottom line: Cramer thinks at 8 times earnings GS is too cheap to ignore.
CPI Will Serve as Fed Fodder
06/14/2006 9:24 AM
In this article, Cramer discusses the CPI data and compares it to what we saw in 2000, exclaiming: "Does anyone remember what the data looked like at the end of 1999 and the beginning of 2000? Not pretty. A lot of 0.3% gains in 1999 and 2000, just like what we saw this morning."
Bottom line: Cramer feels the Fed has the ability to crush the stock market, like in 2000. However he is hopeful the Fed will "stop this madness before we get the 2000 scenario of a deadly 6.5%."
06/14/2006 1:06 PM
In this article, Cramer cites the financials getting crushed and declares its "worrisome." Although, much of the selling may be attributed to options expiration and a "no one gets out of here alive" attitude by investors.
Nonetheless, Cramer thinks it is a "very big mistake" to ignore the breakdown in the BKX.
When Good Stocks Suffer, It's Time to Buy
06/14/2006 12:27 PM
In this article, Cramer discusses the recent selloff and states BA was wrongly sold off.
He exclaims: "With the gravitational pull it began to get crushed like everything else. It was simply a stock in a commodity basket of stocks."
Also, he mentions BBY and all the negative news that surrounded the stock prior to earnings. Furthermore, he cites oil stocks trading below where they were trading when oil was $45 p/b.
He declares: "If you decide "Nope, it is a bear market," you will miss those opportunities. Tough sell? Maybe, but I have learned that when I label a whole market a bear market, I make major mistakes and blow lots of easy chances to make money."
Buying Oil Stocks Takes Bravery
06/14/2006 10:15 AM
In this article, Cramer says it takes "bravery" to buy oil stocks. He feels the sector is oversold and it is not reflecting adverse weather conditions or geopolitical risks.
Also, he doesn't believe the data, regarding natgas storage, tells the entire story.
He exclaims: "Oh, and it is true that we are brimming with nat gas in this country. But has anyone noticed that there isn't a lot of storage space for nat gas to begin with? Storage may be full, but how much storage is there?"
He mentions NBR, HAL and CVX.
Get Ready to Go With Goldman
06/14/2006 10:01 AM
In this article, Cramer cites GS's new CEO Hank Paulson's 3 million shares and declares: "I think that when Paulson's done and the Fed's next quarter-point move is discounted, you pounce on this one."
Bottom line: Cramer thinks at 8 times earnings GS is too cheap to ignore.
CPI Will Serve as Fed Fodder
06/14/2006 9:24 AM
In this article, Cramer discusses the CPI data and compares it to what we saw in 2000, exclaiming: "Does anyone remember what the data looked like at the end of 1999 and the beginning of 2000? Not pretty. A lot of 0.3% gains in 1999 and 2000, just like what we saw this morning."
Bottom line: Cramer feels the Fed has the ability to crush the stock market, like in 2000. However he is hopeful the Fed will "stop this madness before we get the 2000 scenario of a deadly 6.5%."
