Im jim cramer and welcome to my world. You need to get into the game. Hes 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. On my job is not to entertain, but to educate and coach. Call me. 1800743cnbc. Tonights show is to help you americans avoid some of the most common money mistakes that some investors continue to make and recognize the misinformation when you see it. If you follow my rules, you should be able to recognize an opportunity when you see it and to manage to avoid losing money when you dont have to. No matter what the circumstances. Including a collapsing euro or a slowing in china. Or even skyrocketing oil prices. Lets get down to business. Here is the first one. I dont want you digging in your heels any more when youre wrong. In the immortal world john maynard cane, when the facts change, i change my mind. One of the easiest mistakes to make, and i know this because
And tonight, im laying out these rules to help make money in what can be an incredibly bewildering, confusing and infuriating and certainly irritating market. If you follow my rules you should be able to recognize an opportunity when you see it. To manage to avoid losing money when you dont have no matter what the circumstances. Including a collapsing euro or slowly, or skyrocketing oil prices. [ boos ] lets get down to business. Here is the first one. I dont want you digging in your heels anymore when youre wrong or in the immortal words of the late great economist, john maynard keynes, when the facts change i change my mind. One of the easiest mistakes to make, ive done it countless times, i refuse to change my stripes after the facts are in and ive been proven wrong. Its natural to refuse to change your mind when you think youre right and the market is going against you. Its also a quick and easy way to lose money yet mad mailers and particularly twitter followers jimcramer refused
Power, too few sellers for me to believe that they are real tells of the underlying market strength, even if the averages didnt look so hot. And on a day like today where the averages rallied nicely before coming down hard, nasdaq climbed only. 01 mostly because of end of the day worries about a potential war with syria. Its worth picking apart the new highs in the s p 500. Lets go through it. First, of the alltime highs, theres tjx. Yes. Its the biggest winner in the space right now courtesy of all the loser retailers out there. Tjx buys the close out goods from retailers who have faltered, paying very little money for their materials and then marking them up in its own stores. There are Bloated Inventories galore, all over the place. These Mainstream Stores cant bring in fall apparel until spring and summer merchandise goes to tjx. Next quarter should also be even better. Maybe the single best in retail. It doesnt hurt that home Goods Division of tjx has the perfect combination of me
Theres just too much buying power, too few sellers for me to leave they arent real tells of the underlying market strength, even if the averages didnt look so hot. And on a day like today where the averages rallied nicely before coming down hard, nasdaq climbed only. 01 mostly because of end of the day worries about a potential war with syria. Its worth picking apart the new highs in the s p 500. Lets go through it. First, of the alltime highs, theres tjx. Yes. Its the biggest winner in the space right now courtesy of all the loser retailers out there. Tjx buys the close out goods from retailers who have faltered, paying very little money for their materials and then marking them up in its own stores. There are Bloated Inventories galore, all over the place. These Mainstream Stores cant bring in fall apparel until spring and summer merchandise goes to tjx. Next quarter should also be even better. Maybe the single best in retail. It doesnt hurt that home Goods Division of tjx has the pe