Coach you. Call me at 1800743cnbc. You can blame the democrats for their inability to offer any cuts for spending. You can blame the republicans for not even wanting to consider tax increases. But dont you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again even if his statements about economic weakness ultimately caused the averages to stumble from some pretty lofty levels. Dow only declining ability 3 points s p inching up 4. 4 . Close in positive territory. Nasdaq giving up 2. 8 . When you look at what ben bernanke did ntoday the republicans themselves refuse to get specific on spending until they see something from the white house. The elected portion of our government is not helping this economy at all. Their failure to rise above politics to reach a compromise is now really starting to hurt u. S. Economy. In this vacuum, the fed has decided to keep rates low. They stepped in saying listen, business. We are not going to get
Im jim cramer and welcome to my world. You need to get into the game. Hes nuts. They know nothing. I always like to say theres a bull market somewhere. Mad money you cant afford to miss it. Hey, im cramer. Welcome to mad money. On my job is not to entertain, but to educate and coach. Call me. 1800743cnbc. Tonights show is to help you americans avoid some of the most common money mistakes that some investors continue to make and recognize the misinformation when you see it. If you follow my rules, you should be able to recognize an opportunity when you see it and to manage to avoid losing money when you dont have to. No matter what the circumstances. Including a collapsing euro or a slowing in china. Or even skyrocketing oil prices. Lets get down to business. Here is the first one. I dont want you digging in your heels any more when youre wrong. In the immortal world john maynard cane, when the facts change, i change my mind. One of the easiest mistakes to make, and i know this because
And tonight, im laying out these rules to help make money in what can be an incredibly bewildering, confusing and infuriating and certainly irritating market. If you follow my rules you should be able to recognize an opportunity when you see it. To manage to avoid losing money when you dont have no matter what the circumstances. Including a collapsing euro or slowly, or skyrocketing oil prices. [ boos ] lets get down to business. Here is the first one. I dont want you digging in your heels anymore when youre wrong or in the immortal words of the late great economist, john maynard keynes, when the facts change i change my mind. One of the easiest mistakes to make, ive done it countless times, i refuse to change my stripes after the facts are in and ive been proven wrong. Its natural to refuse to change your mind when you think youre right and the market is going against you. Its also a quick and easy way to lose money yet mad mailers and particularly twitter followers jimcramer refused
Cramer. Once again people are paying way too much attention to janet yellen and way too little attention to whats actually happening at the companies themselves. That does not help us understand whats really going on with this market made up of stocks on a day when the dow gained 15. S p 50 up 18 and nasdaq dipped 8 . In a world of people that like to apine endlessly about the interaction between the government and the stock market. I know im a throw back todays when we looked at what individual companies were doing and how those actions impacted their stock. But just because im Old Fashioned doesnt make me wrong. Those that blabber about how stocks are artificially elevated because of the fed and thus destined for a fall literally kept you out of the market. My methods have kept you in. Remember my essential premise. Before equities became commod y commodities we used to recognize the power of individual companies to effect their own stocks. I still believe kpaning the company and how