Their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the marketet first, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutnal shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysys understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might the big bill payers . So if the analysts dont have anything nice to say, they shut up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then y
All about a company for fear it would bias them against the stocks chart. Now, i have become pretty proficient at charting over the years but i rely on the work of professionals to learn techniques that i can in turn teach you. Thats why tonight i am picking the best of the best charts of some of the best technicians we have worked with exploring the patterns that become reliable to the point where im pretty astonished at how accurate they can be. I guess you have to call me a longterm believer. Thats why i have started nearly every saturday morning for the last 30 years reading the standard and poors trend line daily action stock charts formerly on paper now on Electronics Distribution and they contain hundreds of charts, i match those charts with the patterns i have learned over time. All the Research Available for the most winning charts and they become segments on the show you see later in the week. Why do the charts work . People always want to know. First, you must consider them
Today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment Firm Research Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then you shout them from the rooftops. Exhibit a, is an excellent piece from barclays today called be
You make those mistakes. The rules protect against your own bad judgment. If youre going to make money using stocks because you just cant get much of return anywhere else these days, thats pretty much the case, youre doing to have to work harder with your money to do so. And that requires discipline. Discipline because once you start buying and selling stocks, you can make more mistakes than if you just do nothing with your money. If you do nothing with your money, you have a whole lot of nothing to show for it. Thats why were doing a show on how to trade and invest responsibly to make your money work for you. How to tend it, how to make it grow, what kind of gardners of money tonight, how to keep it growing from active money management. Its a sin and a lot of you practice it. I want you to do it right. Before we dig into the ways to make your money grow by being hands on about it, i want to delve into a little psychology of stock ownership. One question im asking repeatedly, i go back
Traditional stock picking methods. I know from your feedback jimcramer on twitter that youre interested in this annual sills and its proven itself time and time again to get a lot of people involved at the right levels. Not for me as i explain and get rich carefully where i deaf vote a whole chapter to charting have i become a chartist myself. I single out stocks to research and i overlay them on my broader world view at the moment. Chartists could care less about this stuff, they often dont care what the company does. I wonder if they could do their jobs with the Companies Names blacked out. In fact, i am sure they could. Some of them hate the distraction of knowing much at all about a company for fear it would bias them against the stocks chart. Now, i have become pretty proficient at charting over the years but i rely on the work of professionals to learn techniques that i can in turn thats why tonight i am picking the best of the best charts of some of the best technicians we have