Jim Cramer is Out With His Latest Prescient Market Call
By Trader Scott
View archives at Trader Scott’s Market Blog:
James J. “Jim” Cramer, the noted stock market seer, is out with another market call. JJJC has become famous for his prescience and timing. He is truly the Nostradamus of our time. So when JJ makes one of his eagerly awaited stock market pronouncements, we must all heed his words. So let’s take a journey thru time and view his amazing calls – it’s almost like he has a crystal ball:
February 29, 2000 – just buy tech, no prob : “We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over — and it is very far from ending. Heck, people are just learning these stories on Wall Street, and the more they come to learn, the more they love and own! Most of these companies don’t even have earnings per share, so we won’t have to be constrained by that methodology for quarters to come.”
The Nasdaq proceeded to peak on 3/10/2000 and subsequently fell 78%.
10/31/07 – just buy anything, no prob:
Cramer’s ‘Mad Money’ Recap: Why Worry? Just Invest By TheStreet.com Staff:
Investors should set aside negative economic news and concerns about overvalued stocks and just concentrate on buying stocks and making money, Jim Cramer told viewers of his “Mad Money” TV show Wednesday.
Right now there is one problem facing investors: “they are overthinking this stock market,” he said.
The market is not working the way the professionals think it should and thus the people who know more about investing are making less and the people who know less are making more, he said.
“There is a huge wall of money rolling at us courtesy of the Fed and it doesn’t pay to over think it,” Cramer said. “In fact it pays to not to over-think it.” When money comes in, it drives stocks higher and that’s all people should be looking at.
Oil is driving everyone crazy because people are in shock that this commodity has gone up as much as it has and that no new oil is coming out of the ground, he said. However, “don’t worry about high oil prices.”
Also, even though alternative energy stocks may seem overvalued, they are still going higher, as are the infrastructure, fertilizer and China plays, Cramer continued. He believes betting against something that’s overvalued is a bad idea in this environment.
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The market is not working the way the professionals think it should and thus the people who know more about investing are making less and the people who know less are making more, he said.
“There is a huge wall of money rolling at us courtesy of the Fed and it doesn’t pay to over think it,” Cramer said. “In fact it pays to not to over-think it.” When money comes in, it drives stocks higher and that’s all people should be looking at.
Oil is driving everyone crazy because people are in shock that this commodity has gone up as much as it has and that no new oil is coming out of the ground, he said. However, “don’t worry about high oil prices.”
Also, even though alternative energy stocks may seem overvalued, they are still going higher, as are the infrastructure, fertilizer and China plays, Cramer continued. He believes betting against something that’s overvalued is a bad idea in this environment.
Market …read more
Source: Jim Cramer is Out With His Latest Prescient Market Call
Posted December 24th, 2016 in Uncategorized.
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