THE "REALMONEY" CROWD
I just don't get it. Jim Cramer writes this morning when the SP500 was down about 4 and the QQQQ was down about a dime a column called "Today We Take Our Lumps" and in the blog he says "Nasty, isn't it? But can we stipulate that we were up huge last week and that we are, alas, somewhat due, given that the macro environment is as bad as the micro is good?" Since Jimmy penned that column, the markets have turned all the way around and the SPY is now down only 17 cents, up from down 40 cents, and the QQQQ has now turned higher on the day.
Revshark on the same realmoney site penned a column called "Its In the Charts" at 2:15 where he says " I particularly like many of the charts I'm seeing in the technology group and believe all we need is a little patience before they set up and start moving higher. So while many are becoming increasingly worried and concerned, I'm sitting and waiting patiently while we once again are treated to another bout of negativity."
Negativity- What negativity- What do these guys see that I am missing. There is no negativity, the VIX is now up .11 on the day and trades at 11.69, the DJIA is up on the day and the SP500 is down 1.5 points.
Maybe its been so long since we have seen any dramatic selling that we have grown immune and any day that is not an up day is "negative and lousy."
Revshark on the same realmoney site penned a column called "Its In the Charts" at 2:15 where he says " I particularly like many of the charts I'm seeing in the technology group and believe all we need is a little patience before they set up and start moving higher. So while many are becoming increasingly worried and concerned, I'm sitting and waiting patiently while we once again are treated to another bout of negativity."
Negativity- What negativity- What do these guys see that I am missing. There is no negativity, the VIX is now up .11 on the day and trades at 11.69, the DJIA is up on the day and the SP500 is down 1.5 points.
Maybe its been so long since we have seen any dramatic selling that we have grown immune and any day that is not an up day is "negative and lousy."
posted by DAVID at
3:49 PM
3 Comments:
Rev Shark is alright with me. I sometimes get the sense that there is a degree of dislike between the Rev and Cramer.
Rev Shark really called Cramer onto the carpet about his DKS "buy before the earnings report" fiasco -- yet another reason to like him.
Nerd:
I agree usually Rev is very good. Just don't understand the "negativity". Did you see negativity worth writing about?
must be that Strawman.com site getting all negative like always, lol.
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