In an aggressive and, yes, as always unforgiving fashion. Which is how you could have the averages all over the place with the dow climbing 118 points. The s p advancing 5. 6 . And the nasdaq falling. 32 . First camp is the nasdaq camp. Those who have partied like its 1999 and now its the equivalent of the dreaded year 2000 for tech and they want to leave this party as fast as they can. Those are the people who made a ton of money last year and this year playing momentum in the internet and the cloud, biotech, sbr, as the service stocks, now formally renamed as software as a disservice to your portfolio. Or sad. These managers now fear giving it all back. And one of candidly the most vicious selling tsunamis ive ever seen. Im including the shareholders of almost all the companies that have come public this year too, which in retrospect are proving to be en masse ridiculously overvalued. The second camp, those who are taking their cue from the data, the robust jobs report, the Federal R
Im jim cramer. And welcome to my world. You need to get in the game. Going out of business and hes nuts, theyre 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, welcome to cramerica. Other people want to make friends, trying to save you a little money here. My jobs not just to entertain, but to educate, teach you how the market works. Call me at 1800743cnbc. The script right now says the companies are supposed to be performing horribly. Were supposed to be geared for disappointment. Which makes it so unfathomable that the averages rally today. Dow gaining 62 points, s p rising. 27 , nasdaq climbing. 45 . What do you do . I have to put myself in the mind of the market. What do you do when a gigantic fortune country you havent heard of but with everything with testament what do you do when they say things are much better than expected . How do you spin that story negatively, darn it .
Averages dipped in the red and rebounding, dow gaining 31 points, nasdaq advancing. 39 . Yep, i thought id never say this again, but this market is being, are you sitting down, are you in front of your tv set, your tablet, your laptop, desk top, mobile phone, sit down because the strength is from overseas. Thats right. R. O. W. , the rest of the world, and not a moment too soon. Its time to face some facts, people. While the economy of the United States is slowly grinding, getting a little better, not so fast that we lose the feds help as we learned again today with another fed head saying good things, but not so slow, the economics overseas have truly started percolating and they have shifted in the parlance of wall street from being head winds to tail winds. And the absence of real leadership here as i said last night, we can take a cue from over there. For months now, people are doubted my call that europe has turned, but the strongest markets of late have been spain, italy, greece,
Points, nasdaq advancing. 39 . Yep, i thought id never say this again, but this market is being, are you sitting down, are you in front of your tv set, your laptop, desk top, mobile phone, sit down because the strength is from overseas. Thats right. R. O. W. , the rest of the world and not a moment too soon. Its time to face some facts, people. While the economy of the United States is slowly grinding, getting a little better, not so fast we lose the feds help as we learned again today with another fed head saying good things, the economics overseas have truly started percolating and they have shifted in wall street from being head winds to tail winds. And the absence of real leadership here as i said last night, we can take a cue from over there. For months now, people are doubted my call that europe has turned, but the strongest markets of late have been spain, italy, greece, ireland, portugal, all up double digits since june performing substantially better than the United States. Tw
7. 3 , heres the logical question nobody ever asked. How exactly do we bargain hunt successfully . Whats the secret to successful bargain hunting . Well, its actually much more simple. I hate to make thingses difficult. We just look at the best performers from the quarter that just ended. Theyre the logical places to go, especially since nothings happened to change their fortunes in the last week and a half so lets get right down to it. You know what was the top quarter . Its the Top Performing stocks of the second quarter, it took me by surprise. I hit it up a bunch of times. Williams company and thats where the symbol came from. And its always been a strong competitor, and its now a powerhouse, why . Because it bought access midstream partners. Yes, it paid up 50 , but this acquisition was incredibly added to earnings in what looked like an overpayment turned out to be totally justified. This is what it looked for, acquirers people mlps, National Partnerships and hard to imagine the