After another whip solid day where the dow is flying high and then nose dives to close 19, look at this you blinked and you missed it or you blinked and you got crushed by it. Nasdaq got pummelled you need to get used to craziness. And believe me, i have been around forever, it is craziness. If you cant handle it, you have to take your bat and ball and go home people call the environment that we had for the last year the new normal but you know what, there was nothing normal about what we went through no, not today, i am talking about the last year. The kind of action we had until last week where the market goes up for ages without having a major pullback that almost never happens. I want you to think about fantasy island are we ever off fantasy island take off the wristband and rip off the ticket that got you in it is no longer valid. Closing bell, trading right now, guys the whole lexi kcon has to be thrown out we shouldnt be too much emphasis on where it actually closes we got the f
President s policies have not happened yet. Doc, ill throw it to you. Is there what art cashin calls a celebratory overload in the market . There could be, judge. There is no doubt that weve come very far very quickly. However i think its got a lot more gas in the tank. I agree with professor shiller. He believes that we could have a substantial move higher from here. Crediting the president and saying in comments today that he saw upside, considerable upside from here. Maximum optimism. A number of new highs. Go down the list today, 52week highs. Tiffany, conag. Going in alphabetical order. Two pages worth of stock s s p today hitting 52week highs. Thats not a bad thing. Im not saying it is. At some point you question whether the air has gotten a little sthin. I dont know. I think that the reason the market are going up are a couple of reasons. Certainly trump growth excitement is in this, it is in the marth to some dee agree. But i also think its because the global economies are Gett
Tweet me at jim cramer. Today, some of the biotechs managed to reassert and balance themselves mildly. The s p 500 gaining 2. 4 and the nasdaq climbing 2. 47 , and looking ahead, next week has to be one of the most bizarre weeks of the year, and that is because we have one superimportant pieces of news the nonpharma pieces of information comes friday when it is the stock market closed for business. So it means a week of muted trades before we get there. It is important, because sometimes when you are a stock junkie like me, you are looking for clues when there is not a lot of news. You can get the clues from anywhere and anyplace and on the slower days you try to bear down and get a little skinny that know one else knows. And that is why next monday, i want to focus on a Earnings Report report from somebody that you have not heard of aar, and it is a Aerospace Company that repairs and leases and are repairs planes, and you might say, a ha who cares about this company, come on, cramer .
Welcome back, everybody. Lets get wack to our guest host, howard ward. Howard, this is a big day for you, not only because youre a squawk guest host, but because youre a grandfather for the first time. Congratulations. Did you sleep last night . Yeah, about 1 00 a. M. In the morning. Mother and father are doing well. Grandparents are doing well. Grandson, too. Grandson, foo, most important. Not named yet . Yeah, he snuck in there a little bit of ahead of schedule, so the parents are working on the name. Again, though, your thoughts on the market, you like constructive. No need to chase it here. The fire sale is over. There are still a few names that are on sale. Dont go against the grain. Apple is going to earn more money this year than any other company in america. Thank you. Congratulations again. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Were live at the new york stock exchange. The morning after the dows record
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