CRAMER TALK
If you think Jimmy has fun predicting the year end DJIA numbers, check out his latest short term forecast:
"Don't lose heart in this rally, but get ready to do some selling. After an up expiration week, the tendency is to trade down for Monday and midday Tuesday before a challenge upward. I suspect this is no different.
I suspect that this pattern will be exacerbated by the Lowe's (LOW) note about a slowdown and the Toll Brothers (TOL) number today.
But when we clear those numbers we should get another challenge higher with a retest of the oil declines and the prospects of another uplift in tech, because the bulls sense a bear rout in the group.
That will give people a chance to trim, because last week was an aberration with a lift in the cyclicals and a tiny decline, ex-Altria (MO) , in the staples.
I suspect the selloff will be concentrated in the cyclicals that can't be taken over.
I would sell into the overall rally that I expect Wednesday and Thursday, and be ready for a decline into next week."
How can he write this drivel?
posted by DAVID at
10:28 AM
2 Comments:
Dude,
What is your obsession with this guy Cramer? If, as is obvious, he writes drivel, why bother requoting it? For Pete's sake, if I want to read what he is saying, I will go to his blog.
I have been frequenting your blog for the past few weeks, however, it's a waste of my time if you insist on quoting idiots. Adios.
DD
How can anyone not afford to not pay attention to what Jimmy has to say. He is such a great contrary indicator.
As for the above quote though, it sounded like Jimmy's wife was speaking through him.
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