Fund strat energy, industrials once again leading, less than 20 points away from dow 25,500 tom, you just raised your yearending s p target to 3,025. How did you get there . Well, its just a simple matter of e growing 13 and some expansion gets you to 3,025. So a 10 upside to the market do you think its high enough . You know, our technician was thinking about how he thinks the base case is 3,000 so the s p could do something several hundred points higher than that. I think 3,000 is a good base case. So weiss, weve gotten buffett talking about the benefits of the tax plan seemed to be very positive on stocks last week it was tepper, the other day rosenstein saying hes more invested than hes been in a long time. Are we getting this right . Are we bullish enough to match what these other investors are seemingly thinking i think we are bullish enough, but theres that haunting feeling that weve seen this before and it doesnt usually end well however, then you go back to what are the fundam
We got a bit of her take on the markets. Take a listen. This is a source of some concern that asset valuations are so high. What we look at is if stock prices and asset prices were more generally were to fall, what would that mean for the economy as a whole and the Financial System is much better capitalized the Banking System is more resill yen resilient. I think our overall judgement is if there that there were to be a decline in asset valuations, it would not damage the core of our Financial System with more on all this lets bring in the professor of finance at the warden Business School still celebrating the eagles World Championship last night. Congratulations. What a game. Jeremy i was there got back to philly at 4 00 a. M im the happiest man wow. What can i say its actually my first super bowl i didnt get to the previous one. But ill never forget it im sure not. Something to treasure forever. That is absolutely true for any fan of philly. As far as market go, i know its short te
Extraordinary upside moves we saw this year but now the action is just as extraordinary on the downside as what we saw moving higher since we turned the calendar. This is when we start to dust off the old adages down is quicker typically than the up markets weve had all a rise, we dont have to remind you of that, but the we have to pay the piper and the dow is down by the way, you cant compare the percentage terms down 802 on the dow. Biggest point decline prior to this was 776 during the financial crisis now, back then it was 7 , 8 drop today were talking 3 its rare to see that kind of move well show you everything going on with the spiking volatility. Its unsettling because it happens all at once. Well bring mike santoli in in a little bit we were talking about how the market has changed in 2018 compared to what we saw the last couple of years. Where most days the move higher would be a small one we were hitting base hits or doubles or something now weve been hitting home runs both u
Somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Live from minneapolis. Other people want to make friends. Im just trying to make you some money. My job is not just to entertain but to educate and teach so call me at 1800743cnbc or tweet me jimcramer. We got rocked today. And we need to talk about the significance of this break down. By no means was this a garden variety selloff. Not some shrug your shoulders no harm no fall selloff nasdaq plummeted 1. 96 how do we get hit with such a brutal decline if you are experiencing such a placid multimonth rally, tonight we are live so i can explain how it happened. I am going to take advantage of the fact that we are out here in minneapolis for the super bowl and talk to a couple of guys so you can put this in some sort of context. First, before we delve into the proverbial bears belly, we must never forget that we had a terrific run in the stock market the rally brought a huge number of
Were declining again today. More on the catalyst markets moving lower guys, what do you think is causing all this, and, joy, what are you doing today . First of all, i dont think this is over in the short term if you want to be in the markets, this is clearly more of an active traders market. Apple, when you run the quantitative model, you can take apple, we all know the fundamentals are fantastic thats what ive done. Yeah. But youve seen the range expansion and the volume increase again, thats for a trade. The larger narrative is about whats going on in the marketplace right now. Its elevated volatility why is the volatility elevated i think a large component of that is the breakout window were in for corporations where they cannot do the buybacks, so that period is going to end in a couple of weeks. I dont think its over, but if you have a longer time frame, this is what everybody is talking about. Everyone wanted a market decline. Well, okay here it is finally. Its upon us. And then