Kara swisher i am delighted to be here with you. Its a real honor to talk about fern book, which you we have to i think for the cspan audience, we first need to put the burn book in context. Can you give us can you give us the background . Sure. Burn book is an expression actually mean girls is out now, which is kind of too. It is for me, but its a book you write things you really think about people and youre not. People are supposed to see it. And of course, thats the whole premise of that movie and you have fun with it and its sort of gossipy and mean a little bit, but funny and so i decided thats what i was doing in my memoir and of what my 30 years covering Silicon Valley. The same time that subhead is a tech love story because i love tech. Yeah. So i dont want this idea that, you know, theres a lot of tropes out there. You know, tech is terrible. Its not terrible. Its how how its being used essentially. And so i want to say i love tech, but let me tell you what happened. Yeah. Yea
Time in history. Instead it rallies to new highs dow gaining 256 points s p climbing 1 . And while that may seem crazy, theres actually some very good explanations lets start with the negatives, though first there was this mornings tweet from the president , meeting with chuck and nancy today, of course, chuck schumer, nancy pelosi about keeping government open and working. Problem is they want Illegal Immigrants flooding into your country unchecked. Are weak on crime and want to raise taxes substantially. You know at most times the story like that about a potential Government Shutdown would have sent the stock market into a complete tailspin. Government shutdowns are synonymous with lower stock prices even if the democrats hadnt canceled their meeting the rally over this could take weeks, months secret that tends to weigh on the stock market. But not this stock market. Instead we rallied on the news why . Who knows. Maybe it signals that the republicans dont need votes to keep it fund
Emotions which often get the better of us when everything is going well in the stock market and when things are going badly they seem to grip us totally. But things are too good and we take too much risk and when thicks are going terribly we dispair and leave the stock market entirely. Its a fact of life and over the years even as stocks climbed and climbed there have been swoons real swoons go down swoons that drove people out and they simply went to securities to give you little or no return and then they watched the big gains from the sidelines. Now i totally understand the aversion to stocks many people have these days. We have many reasons to be disenchanted. Theres the done turns of 20002001. Theres the stocks when they were cut in half. Theres the flash crash or the facebook ipo. Then theres the Insider Trading cases and the obvious situations where stock went down and down and then town some more. Its clear that someone knew something and you didnt. I validate these feelings ri
The year where were overloaded with earnings information, most companies in the s p report this week. Remember that the professionals listen to every Conference Call check every model and do deep dives in each quarter which means that unless they get up at 4 00 a. M. And work until 11 00 p. M. They simply dont know about what should be bought and what shouldnt be, and i have to tell you, thats why a lot of mistakes are made. Thats why i tell you at home to stop, look and listen during these periods. As we try to run the gauntlet created by the cacophony of earnings season. Whats exactly in store for us for the rest of this week. Tomorrows all about apple and ten days ago the company made a major push into china and the worry is the sizeable chunk of buyers may have been margined out of this stock positions in the great crash of china and they migrate to the expense of iphone 6. Not this quarter, since it didnt include the chinese debacle and thats why it is so important not to trade of
Please, krjim cramer yesterdays sell all or todays recap. Dow falling 12 point, s p advancing. 01 nasdaq climbing 1. 5 were lucky to have guests on this show that can help us answer crucial questions about tack before we hear from them, let me give you my take on the sea saw action and the leaders of this Market Action i know, you feel like man, i got vertigo and seasickness. First lets tackle the real cause of the week starting last weeks technology. You all know the epicenter here, its its apple for heavens sake last week we started hearing run wins even before orders can possibly be that apple was having problems selling the release of iphone 8 how much confusion is there when it goes on sell, we still have people calling the 8 the 10 and people calling the 10 the x by mistake. The Software Companies making products for iphone and the watch got hit to too not that you should own apple but you should trade it. In the end, most people who try to trade apple end up buying high and sell