Wednesday, July 19, 2006
Real Money Blog
Mark This Rally, This Day
07/19/2006 4:07 PM
In this article, Cramer reminds his readers to buy stocks "when things are so bleak."
He exclaims: "Think about it: Bernanke says he needs to look at the data to make a determination. But the data this very morning were bad! Didn't matter. We were too oversold."
Bottom line: Cramer feels the market can rally for a few days, but be careful when things get "too joyous."
Note the Banks Here
07/19/2006 3:06 PM
In this article, Cramer cites the strength in banks, despite a tightening environment.
He exclaims: "Every other tightening cycle has produced some pretty horrendous loan losses by now. Not this time. We are seeing a bunch of clean quarters that are quite encouraging."
Bottom line: Cramer believes "this time is different" and we are in a "terriffic" banking environment.
So Dark the Con of Fed Belief
07/19/2006 2:22 PM
In this article, Cramer is "clinical about this rally." He feels the market will run until its overbought, then "it is done again."
He exclaims: " I heard this morning that the whole reason we have this rally is that Federal Reserve Chairman Ben Bernanke gave the market an all-clear signal. Wait a second -- he gave us the same all-clear at the June 29 meeting, and what happened? We went up a couple hundred points and then we crashed again."
Cramer believes the market will fail, once overbought.
An Energy-Conscious Fed
07/19/2006 12:21 PM
In this article, Cramer is pleased that "Uncle Ben" does not believe he can "tackle" high oil prices.
He exclaims: "If Ben understands the linkage and the hapless way the consumer is subject to rising oil and gas prices, what we will see is the consumer being totally tapped out on her own volition! Hallelujah! He gets it. Bravo."
Yahoo!'s Reality Check
07/19/2006 12:02 PM
In this article, Cramer feels YHOO will trade lower, due to slower growth and a 50 PE. However, he does not believe it belongs "in the pantheon of those Internet companies that have become serial underperformers, like Amazon and eBay."
Bottom line: Cramer feels YHOO will eventually get it right. However, he does believe the stock can trade as low as $15.
Oversold Optimism
07/19/2006 11:27 AM
In this article, Cramer believes "The forgive-and-forget moment is here." He cites WFC's so-so quarter and higher stock price as evidence of an oversold condition.
Moreover, he claims the oscillator was -4 this morning-- ripe for a bounce.
A Retail Counter-Rally
07/19/2006 11:14 AM
In this article, Cramer ponders whether a "dovish Bernanke trumps all the negatives?"
Furthermore, he feels the market, particularly retail, was extremely oversold and should continue higher-- unless we get another warning like TGT.
He couches that statement with another:
"Not a great bet."
An Oversold Lift
07/19/2006 10:37 AM
In this article, Cramer sums up the earnings scorecard:
IBM didn't disappoint. UNH didn't fall apart. VFC played offense. JPM was nice. And, RYL was not horrible.
However, he cites CIT and YHOO's bad quarters and exclaims: "I can tell you that if we weren't oversold we would have taken that CPI and said sell!"
Bottom line: Oversold.
Telco Mergers' Grating Expectations
07/19/2006 9:53 AM
In this article, Cramer cites ADCT's earnings warning and feels the telco industry is hurting itself with aquisitions.
He feels the business's are bad and expectations are too high.
Bottom line: "No more consolidation ahead; just more pain."
High Multiples Feeling Heat
07/19/2006 9:21 AM
In this article, Cramer cites the negativity in high multiple stocks, such as: YHOO, WFMI, and SBUX.
Also, he mentions GRMN and AKAM as being high multiple but NOT going down. He does say that both "would be vulnerable to anything short of blowout quarters."
Bottom line: He feels the market is oversold, but any rally will not last until the Fed is done raising rates.
07/19/2006 4:07 PM
In this article, Cramer reminds his readers to buy stocks "when things are so bleak."
He exclaims: "Think about it: Bernanke says he needs to look at the data to make a determination. But the data this very morning were bad! Didn't matter. We were too oversold."
Bottom line: Cramer feels the market can rally for a few days, but be careful when things get "too joyous."
Note the Banks Here
07/19/2006 3:06 PM
In this article, Cramer cites the strength in banks, despite a tightening environment.
He exclaims: "Every other tightening cycle has produced some pretty horrendous loan losses by now. Not this time. We are seeing a bunch of clean quarters that are quite encouraging."
Bottom line: Cramer believes "this time is different" and we are in a "terriffic" banking environment.
So Dark the Con of Fed Belief
07/19/2006 2:22 PM
In this article, Cramer is "clinical about this rally." He feels the market will run until its overbought, then "it is done again."
He exclaims: " I heard this morning that the whole reason we have this rally is that Federal Reserve Chairman Ben Bernanke gave the market an all-clear signal. Wait a second -- he gave us the same all-clear at the June 29 meeting, and what happened? We went up a couple hundred points and then we crashed again."
Cramer believes the market will fail, once overbought.
An Energy-Conscious Fed
07/19/2006 12:21 PM
In this article, Cramer is pleased that "Uncle Ben" does not believe he can "tackle" high oil prices.
He exclaims: "If Ben understands the linkage and the hapless way the consumer is subject to rising oil and gas prices, what we will see is the consumer being totally tapped out on her own volition! Hallelujah! He gets it. Bravo."
Yahoo!'s Reality Check
07/19/2006 12:02 PM
In this article, Cramer feels YHOO will trade lower, due to slower growth and a 50 PE. However, he does not believe it belongs "in the pantheon of those Internet companies that have become serial underperformers, like Amazon and eBay."
Bottom line: Cramer feels YHOO will eventually get it right. However, he does believe the stock can trade as low as $15.
Oversold Optimism
07/19/2006 11:27 AM
In this article, Cramer believes "The forgive-and-forget moment is here." He cites WFC's so-so quarter and higher stock price as evidence of an oversold condition.
Moreover, he claims the oscillator was -4 this morning-- ripe for a bounce.
A Retail Counter-Rally
07/19/2006 11:14 AM
In this article, Cramer ponders whether a "dovish Bernanke trumps all the negatives?"
Furthermore, he feels the market, particularly retail, was extremely oversold and should continue higher-- unless we get another warning like TGT.
He couches that statement with another:
"Not a great bet."
An Oversold Lift
07/19/2006 10:37 AM
In this article, Cramer sums up the earnings scorecard:
IBM didn't disappoint. UNH didn't fall apart. VFC played offense. JPM was nice. And, RYL was not horrible.
However, he cites CIT and YHOO's bad quarters and exclaims: "I can tell you that if we weren't oversold we would have taken that CPI and said sell!"
Bottom line: Oversold.
Telco Mergers' Grating Expectations
07/19/2006 9:53 AM
In this article, Cramer cites ADCT's earnings warning and feels the telco industry is hurting itself with aquisitions.
He feels the business's are bad and expectations are too high.
Bottom line: "No more consolidation ahead; just more pain."
High Multiples Feeling Heat
07/19/2006 9:21 AM
In this article, Cramer cites the negativity in high multiple stocks, such as: YHOO, WFMI, and SBUX.
Also, he mentions GRMN and AKAM as being high multiple but NOT going down. He does say that both "would be vulnerable to anything short of blowout quarters."
Bottom line: He feels the market is oversold, but any rally will not last until the Fed is done raising rates.
