MORNING THOUGHTS
The markets open lower this morning with about 1,200 more losers than winners on the major exchanges.
The SPY first support is the 130.85 level and the markets may get a small bounce from there. The two stocks that have drawn my attention this morning are two of Jimmy's favs, KRY and BOL. KRY is down 11% to the 4.75 area as Gold surges to the $700 area. Note the correlation between KRY and Gold. I still wonder why in the world he had to pick this hunk of junk when there were so many other sound precious metals stocks to buy. Doesn't he always say buy best of breed?
The highlight of the day no doubt will be the Oil patch report at 10:30 Eastern time. The Oils are currently trading lower so they may turn on the report regardless of the numbers.
posted by DAVID at
9:54 AM
1 Comments:
I don't know why I don't start a hedge fund that does nothing but SHORT King Jimmy's picks... Heck I could get the realmoney subs to invest in it for a hedge against his trust.. Cramer produces more wood then Ron Jermey.
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