Call me at 1800743cnbc. Or tweet me jimcramer. Lets give this day its due. When oil turned up it took the entire market with it which is how the dow jones average could go from down 193 points before the reversal in oil to finish up 183 points. S p gained. Nasdaq declineds just. 28 . What a strong, bizarre comeback. Big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down,
Nasdaq declineds just. 28 . What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a we get very concerned. Worried, frightened about Oil Companies where the cash flow from the wells isnt great enough to cover the debt load. Hence, bankruptcy on the horizon. This is a bi
For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow from the wells isnt great enough to cover the debt load. Hence, bankruptcy on the horizon. This is a big but. If crude could stay between 35 and 40, a few bucks higher than now, many of the troubled Oil Companies can pull off the unthinkable and stay afloat. That would relieve the biggest stress on our system out there at the moment and drive all stocks higher if we took it off the table. Not really. Especially when you consider the two trends like the dollar getting weaker and commodities like copper going higher. Those are big changes. I dont know if they
What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow enough to cover the debt load. Hence, bankruptcy on the horizon. This is a big but. If crude could
Positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow from the wells isnt great enough to cover the debt load. Horizon. This is a big but. If crude could stay between 35 and 40, a few bucks higher than now, many of the troubled Oil Companies can pull off the unthinkable and stay afloat. That woul