Monday, July 24, 2006
Real Money Blog
Accepting the Ups and Downs
07/24/2006 3:46 PM
In this article, Cramer seems displeased over failed rallies.
He exclaims: "can't tell what's worse. Finishing up 200 points so we immediately work off the oversold condition and making us vulnerable for the next leg down. Or selling off in the last hour, causing us to lose all heart."
Furthermore, he suggests selling into the rally. He feels the erratic market is for "trading maniacs" only.
Volatility Will Drive Away Investors
07/24/2006 3:34 PM
In this article, Cramer feels the market volatility will drive the average investor out of the market.
Again, he places the blame on ETF's, exclaiming: "I know I would sue to get out of every index possible if I were a CEO of a public company. None of them helps; they all hurt because they are creating a disorderly market."
The Down Side of Bigs Ups
07/24/2006 2:39 PM
In this article, Cramer boldly exclaims: "These up-100 days can't be trusted. They bring out too many sellers. I mean, who actually buys stocks up 100? How can you be so stupid?"
Moreover, he believes most of the buying is being done by index funds, who may be hedging themselves against an upward rally.
Bottom line: Cramer is keeping a long term approach to the market.
Don't Sell Into Artficial Weakness
07/24/2006 1:53 PM
In this article, Cramer cites NBR, UTX, SLB, COP, CVX, DVN, CAT and suggests not selling "into artificial weakness blamed on exogenous risk."
Drillers' Troubles Are Just a Derivatives Blip
07/24/2006 12:43 PM
In this article, Cramer criticizes the media for pinning the OIH "action on some extraneous event."
Cramer feels the OIH traded down last week due to "option pinning."
Furthermore, he suggests certain analysts (Merril Lynch) are swayed by overwhelming negative commentary, such as declining nat gas prices, and abruptly knee-jerk downgrade cheap stocks-- like HAL.
Cramer charges: "Of course, neither the nat-gas nor the rate-peaking was true. They were simply convenient lies told to get the editors off of writers of scripts for talking heads and for writers of copy offline."
Bottom line: Don't be fooled. Stay long oil.
Infrastructure Awaits Fluor
07/24/2006 12:17 PM
In this article, Cramer believes the infrastrucure sector is wholly reliant upon FLR's quarterly earnings, due August 7th.
Cramer declares: " I suspect its results will be fabulous."
Bottom line: Cramer really likes this group and feels the following companies will react after FLR's numbers:
ABB, URS, FWLT and MDR.
07/24/2006 3:46 PM
In this article, Cramer seems displeased over failed rallies.
He exclaims: "can't tell what's worse. Finishing up 200 points so we immediately work off the oversold condition and making us vulnerable for the next leg down. Or selling off in the last hour, causing us to lose all heart."
Furthermore, he suggests selling into the rally. He feels the erratic market is for "trading maniacs" only.
Volatility Will Drive Away Investors
07/24/2006 3:34 PM
In this article, Cramer feels the market volatility will drive the average investor out of the market.
Again, he places the blame on ETF's, exclaiming: "I know I would sue to get out of every index possible if I were a CEO of a public company. None of them helps; they all hurt because they are creating a disorderly market."
The Down Side of Bigs Ups
07/24/2006 2:39 PM
In this article, Cramer boldly exclaims: "These up-100 days can't be trusted. They bring out too many sellers. I mean, who actually buys stocks up 100? How can you be so stupid?"
Moreover, he believes most of the buying is being done by index funds, who may be hedging themselves against an upward rally.
Bottom line: Cramer is keeping a long term approach to the market.
Don't Sell Into Artficial Weakness
07/24/2006 1:53 PM
In this article, Cramer cites NBR, UTX, SLB, COP, CVX, DVN, CAT and suggests not selling "into artificial weakness blamed on exogenous risk."
Drillers' Troubles Are Just a Derivatives Blip
07/24/2006 12:43 PM
In this article, Cramer criticizes the media for pinning the OIH "action on some extraneous event."
Cramer feels the OIH traded down last week due to "option pinning."
Furthermore, he suggests certain analysts (Merril Lynch) are swayed by overwhelming negative commentary, such as declining nat gas prices, and abruptly knee-jerk downgrade cheap stocks-- like HAL.
Cramer charges: "Of course, neither the nat-gas nor the rate-peaking was true. They were simply convenient lies told to get the editors off of writers of scripts for talking heads and for writers of copy offline."
Bottom line: Don't be fooled. Stay long oil.
Infrastructure Awaits Fluor
07/24/2006 12:17 PM
In this article, Cramer believes the infrastrucure sector is wholly reliant upon FLR's quarterly earnings, due August 7th.
Cramer declares: " I suspect its results will be fabulous."
Bottom line: Cramer really likes this group and feels the following companies will react after FLR's numbers:
ABB, URS, FWLT and MDR.
Comments:
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Cramer was spot on about the drillers. Listen to the WFT and HAL conference calls: the analysts literally came out and said that the companies are lying about their 2007 prospects. In particular, I remember one analyst who said "You're not going to find a single person who buys into the idea that drilling will be up in 07. If anything, it's going to be *DOWN* in 07."
What a pack of morons. HAL gets downgraded because it has gone down a lot. Idiotic. Analysts coming out and telling companies they know the business better than the guys actually running the business.
Did anyone actually notice that even as the analysts were talking down these stocks' growth prospects, they were RAISING their 2H and 07 EPS estimates?
I loved NBR's Gene Isenberg's commment in his earnings release today--NBR beat by a dime and reaffirmed its full year/07 guidance:
"We are acutely aware that there appear to be two distinct rig markets, the one which actually exists and the one that the majority of analysts expect to develop out of the current gas storage overhang."
In other words, the analysts are idiots! Spot on Gene, spot on Jim. It just affirms my observation that Wall Street is populated by semi-morons.
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What a pack of morons. HAL gets downgraded because it has gone down a lot. Idiotic. Analysts coming out and telling companies they know the business better than the guys actually running the business.
Did anyone actually notice that even as the analysts were talking down these stocks' growth prospects, they were RAISING their 2H and 07 EPS estimates?
I loved NBR's Gene Isenberg's commment in his earnings release today--NBR beat by a dime and reaffirmed its full year/07 guidance:
"We are acutely aware that there appear to be two distinct rig markets, the one which actually exists and the one that the majority of analysts expect to develop out of the current gas storage overhang."
In other words, the analysts are idiots! Spot on Gene, spot on Jim. It just affirms my observation that Wall Street is populated by semi-morons.
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: 7:48 PM
: 7:48 PM 
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