Posted on 02/02/2023 11:07:31 AM PST by Red in Blue PA
I heard there is an ETF which does the inverse of what he recommends.
For the first time ever, I purchased some AMZN and GOOG this week as they were down so much and I figured all of the bad news is likely out.
Cramer made me certain I was right.
Why one would throw in the towel after a 50% drop is beyond me.
....and then they gave him a show!
......on investing!
I think Cramer is bipolar.
“For the first time ever, I purchased some AMZN and GOOG this week as they were down so much and I figured all of the bad news is likely out.”
That is exactly the best approach. It’s more than “the bad news is out”, it is also the actions of loads of people who sold for EOY [end of year] tax harvesting purposes. It’s in my experience an excellent strategy to look for GOOD stocks circa 12/27-12/31 of a given year that have had the crap beaten out of them during the prior year. 2022 was a very salient example of that. Is the bad news all out? Who knows. But the odds are, that the investing public can not, under almost any conceivable circumstances, tear themselves away from speculating (or ‘investing’) in the stock market. All you can do, ultimately, is to play the odds. Historically, people get back into the market in January (the so-called “January effect”) Historically, people dump their losers into 12/31. Sentiment was (and remains) fairly bearish economy-wise but the actions of the Fed to mollify the draconian rate rises is certainly bullish, and you couple that with the Jan effect and tax loss dumpings and suddenly the odds shift in your favor.
Congratulations on not overthinking it!
Is/was Ariba a Speedy Gonzales venture?
It's a buy, boys!
It’s not about attaining and then maintaining a certain price level. Stocks are not currencies nor fixed assets like gold.
Let’s be clear: ARK funds were birthed and became popular in a zero rate environment, when any harebrained idea with four letters in the stock symbol was de riguer. But just like 2 decades ago, when biotech was hot, if you loved biotech, you really had to buy ten baby companies and hope that one or two would hit home runs with FDA approvals and get bought out by a MRK or a BMY or a JNJ. 6 or 7 of them would go pffft.
So in the growth phase of ARKK, Kathie had to buy second and then third tier companies to fill up her book. She had to, in effect, lower her standards, executing affirmative action for stocks. And she picked some stinkers. That’s normal. But in the process, a great many people who bought into the “hype” of disruptiveness. And they will be looking to get out. I’d be surprised if ARKK “EVER” gets back to its old highs.
I agree and how people take this clown seriously is beyond me.
The anti-Cramer index means that these will now boom.
Should get a hold of Fang Fang for a little high publicity sales pitch.
BUY BEAR STEARNES!!!
I wish we were all allowed to use the Paul Pelosi plan.
Blue Horseshoe loves Anacott Steel!
That’s proof the Cramer strategy works. He’s an anti-pattern. Do the exact opposite of what he says.
Cramer was a prime idiot on yahoo chat too.
Meta 4th Quarter was at a 55 % profit loss scrambling to buy stock back with 40 billion.
Big red flag in front of massive hole.
Talk about reverse psychology...
AAPL bottomed about $129, during this calendar year I think, and it's over $150, earnings came out this past week, revenues down (in line with Nov guidance from Timmy) but profits up. TSLA has nearly doubled over the past, hmm, month or so?
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