Thursday, November 01, 2007

Cramer

I just can't help myself, with the equity markets getting smashed Thursday morning, here is the recap from Cramer's TV show Wednesday:

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.


More here
.

A

14 comments:

Anonymous said...

Allan,

Do you still like Stocks and Bulls? Do you take all of their many signals?

Anonymous said...

Allan,with all this talk about this "superbug" in the news recently,do you think it is time to start looking for small biotechs that are working on a vaccine? I remember how great your basket of bird flu stocks did a couple of years ago.
Thanks,Ron

Allan said...

Ron, very good idea. Let's keep our eyes open for some plays, they usually start appearing in high volume breakouts and/or high percentage gain lists. Once they begin to run, then run for weeks, so we don't have to be first in to profit nicely.

A

Anonymous said...

The best way to view Cramer is the same way that you should view Donald Trump.

Both are primarily entertainers who dabble in the business world, not businessmen/ investors who dabble in the entertainment world.

Taken in this context, Cramer is
not a loser, he is just doing his act.

Investing on Cramer's recs. is just as silly as investing in "DJT" before it went bankrupt. No difference.


Leonidas
Southern Greece

Anonymous said...

Vaccines on the MRSA superbug wouldn't necessarily be the way to go. The MRSA superbug tends to affect a subgroup of the population, it is not like "bird flu" or influenza.

But heck - that has little to do with technicals and trading.

Anonymous said...

Sounds like good advice to me.

Here's a speculation for all...rltr

Anonymous said...

Allan,

What do you think of Nanologix (NNLX)? They claim to have a unique and cheap way of producing hydrogen using bacteria. With oil prices being so high, I figure alternative energy stocks may become stellar again.

Thanks.

Anonymous said...

While I strongly support the use of hydrogen fuel cells to power automobiles, the technology is nothing new and has been around fora long time, like 100 years+. Maybe closer to 200 years.

The use of bacteria to produce hydrogen sounds bogus to me. Or at a minimum, cumbersome to use.

Filling stations can synthesize their own hydrogen for use in cars easily and cheaply with zero refilling of the stations themselves by tanker trucks.

They can do this via an old tried and true method called utilizing an electrolyzing unit which is presently built by Norsk Hydro (among others) and easy to obtain and cheap and safe to operate.


In short, I would be STRONGLY wary of "new" ways to produce hydrogen- which is one of the easiest gases in the world to synthesize.

The challenge here is building the cars (also easy) while simultaneously building refueling stations into your neighborhood gas station to service such vehicles.

Sorry to burst your (hydrogen gas) bubble.

John Kercheval
Washington, DC

Anonymous said...

Burst my bubble? Did you even take a look at the company and its process? It doesn't sound like you did. The fact that you jumped all over hydrogen fueled cars tells me so. Did you read about their project at Welch's in PA? I appreciate your 2 cents, but it would have been more useful if you'd had given the company at least a once over.

Anonymous said...

The anonymous poster (last post above this one) is suffering from "disposition effect."

I suppose that's the great thing about no names, you can be the village idiot, as this village idiot clearly is, and you can simply cloak your stupidity- which he/she is barely doing.

Dumb asses are everywhere!

Paul Colton

Anonymous said...

I see one right above me.

Sincerely,
Up Yours

Anonymous said...

The poster from Washington, DC is entirely correct.

Here in Euorpe, Hydrogen fuel cells are in broad use, primarily in public transportation and in things like ferrys and other points of locomation that have one thing in common- they all have to come back to where they started.

With this restriction, their "home base" can always refuel the machine and, unlike a passenger car which would have to hunt for non-existient hydrogen fuel stations along its indeterminate route, these forms of locomotion don't have that problem.

These fuel cells depots are most prominent in Iceland, where almost all public transportation runs off of it.

In summary, the Washington poster is right on target- the issue is not how cheap or easy it is to produce- it is already cheap and easy, but the production of passenger vehicles that can run off of this fuel in coordination with the fuel stations setting up fueling pumps in their numerous stations throught the USA or wherever.

The problem is not economic production of fuel, it is a logistical and political will issue.

The defamatory posts are clearly from some bottom-feeding troll seeking attention. Ignore them, and strip them off the board.

Leonidas
Southern Greece

Anonymous said...

Why do you all keep going back to producing hydrogen for consumption by automobiles? Think outside the box. Forget it. If you even took a look at the company and what they're doing, you'd get my point. But you know what, forget it. Allan, go ahead and delete all posts relevant to this thread of discussion. No point in trying to get a bunch of old horse to drink water.

Allan said...

Sorry I'm a little late to the party here...but I have been busy trading, correctly anticipating the reversal up in the markets today. Yes, I do have the ability to enable a feature from Google where all posts have to be approved by the webmaster, i.e. me, before being posted and I can remove anything that slips by inadvertently. But I have never enabled that feature and don't intend to now. No censorship, just a free and open discussion about anything related or unrelated to my eloquent blogs. As a result, I'll match the intelligence of my readership and the quality of follow-up comments being posted against any other blog in the blogosphere.

A