On tonight’s MAD MONEY on CNBC, Jim Cramer hosted his first live episode in more than 1 week. Tonight, Cramer said some of the scare and fright he heard while he was out was too much: the sub-prime blow-up, rates could hit 5.5%, a fed tightening may occur, Bear Stearns may drop, the buyout craze was over, oil prices rising, housing……..
OK you get the picture. Cramer spent more than a couple minutes being sarcastic, and he said if you got scared out because of the main negatives that maybe you should not be a stock owner. He thinks you have to own tech (see today’s Cramer post). He thinks listening to the bears is how you miss all the market moves. Metals, tech, aerospace, infrastructure…these are all great markets, and you shouldn’t let the press share you out.
Sometimes I agree with Cramer, and sometimes I do not. But tonight was true, if you looked at all the negativity over the last two weeks and realized the market didn’t melt down then it is hard to think it will after the passe news has mostly or partly passed.
Jon C. Ogg
July 5, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Top Gaining Stocks
Top Losing Stocks