The likes of which they have not seen since 1933, in the midst of a downturn for the month, the likes of which we have not seen since 2008 here we find ourselves this morning looking at a market that will open lower. Your thoughts . You go up 19. 9 in the s p, you can have two thoughts. One is that was the greatest bull market ever the other is, boy, is this market dysfunctional were not moving the way we should theres very little volume yesterday the machines took the dow up 500 points in the last 20 minutes. Im keying on oil. I think oil is something that the algorithms are keying in i wish there wasnt algorithmic trading, but its here to stay the quants are in charge you know, lets bring back the smith corona typewriter. The quants are in charge, they took it up and now theyll cashier the market and cash it in lets come back to oil for a second it does get lost sometimes in all of the volatility were seeing and our focus on the economic crisis, on the Health Crisis, on the equity ma
Cuts so futures are pointing to further declines despite the jobs growth today, smashing expectations for february. The economy added 273,000 jobs during the month, versus the expected 175 Unemployment Rate 3. 5. Wall street looking to close out a turbulent week, the tenyear did tumble below 70 basis points for the first time ever, as investors look for safety amid fears. Revisions on the jobs number not bad but people are calling it the least important jobs number in a long time i dont want to go there. Im going to say the opposite. When you come in with a head of steam, at least you got some possibilities that were not going to go immediately into the recession because there were you dont hire and then lay them off the next day the 53,000 jobs in Food Services and drinking places, thats an extraordinary number are we going to fire all those people interesting. Not right away. Not right away. But there seems to be a growing belief that we are going to have a recession. Right but im sa
House considering Financial Relief for workers and businesses impacted by the virus. This is what the president said yesterday. We are going to be asking tomorrow, were seeing the senate, well be meeting with house republicans, mitch mcconnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief. Very substantial relief. Thats a big number. Were going to be talking about hourly wage earners getting help, so that they can be in a position where theyre not going to miss a paycheck all right jim, we have a presser at 5 30, but right now dont expect specific proposals i think theyre mulling over some things. Theyll give direct support to workers, which is fabulous a lot of workers live hand to mouth. Theyre coming to work even though she shouldnt because theyre sick and this is a great holdover Small Business loans, they can expand that greatly. We have a lot of money coming into the treasury. They can waive the interest and penalties for people who file exte
Pattern for the next big moves for stocks given i base my work hundreds of charts i match them with the patterns on fundamental factors on the ive learned over time and go over the Research Available for companies i study and not the the most winning and they often become segments on the show you charts, the off the charts is see later in the week. Why do the charts work to my stockpicking methods but i know from feedback at jim people always want to know cramer on twitter that youre first you must consider them as interested in this analysis and if they are footprints at the importantly it is proven time scene of the crime and time again to get a lot of people involved at the right they trace out what big Money Managers might do with buying level, say and selling of dollarse portfol now not for a minute as i explain in get rich know more than others including you and mef where their money goes, the charts of the stocks, put together clues that the big boys leave second reason to care,
Matter how enthralled you are with the Underlying Company, if the rules say sell it sell, sell, sell sell you sell it one thing i learned in my investing career, no matter how much you might believe something, you violate the rules of the road at your own peril. But what the heck do these rules come from . Its not like they were handed down from on high and carved into stone tablets theyre not like the laws of physics. You cant deduce them from serving the way the market works the way you can do, say, gravity. The rules come from experience, in particular, my experience ive spent nearly 40 years in this business, and in that time you Better Believe ive learned some powerful lessons. In many cases, i learned them the hard way and because i dont want you to repeat my mistakes, because i do want you to have the benefit of my whole career, tonight i want to layout some of my most important rules for investing, the stuff i really live by some of the stuff may seem basic. But gwagain, you fo