Skip to comments.Cramer: Has the decline stopped in its tracks? (Wednesday PM) (Cramer top-ticks it AGAIN)
Posted on 04/11/2014 10:20:31 AM PDT by jiggyboy
"Look no further than the multi-scorned Alcoa which came on 'Mad Money' just last night and talked about turns in aerospace, autos, non-residential construction and trucks. Those are all the needle movers in an economy for heaven's sake and Alcoa's Klaus Kleinfeld said they are all trending higher. Pow, bears, right in the kisser."
Also developments suggest weakness in stocks such as CBS and Time Warner were more to do with hedge fund liquidations that any fundamental headwinds.
In addition, Cramer says the money flow into bonds appears to be more about money fleeing Russia and not a referendum on the state of the U.S. economy.
All told, the negative catalysts have ebbed while positive catalysts are flowing.
Therefore, Cramer sees every reason for optimism.
"Because people who panicked were blown out, I think the sellers are about to get seller's remorse," Cramer said. "I wouldn't be surprised if they actually start buying and, ultimately, I wouldn't be surprised if we catch a rally."
(Excerpt) Read more at cnbc.com ...
Dag nabbit I forgot that I wanted to make this a multi-media production:
“I wouldn’t be surprised if they actually start buying and, ultimately, I wouldn’t be surprised if we catch a rally.”
I love the way he says nothing but makes it sound like he said something.
Really dislike him and feel he has ruined that show. It used to be watchable.