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Listen, i know this market is going crazy after another fabulous day, the dow gaining 378 points i know it gets a little much as it is a 1 record high and Nasdaq Record high there are extreme valuations everywhere i see the mceldercloud stocks ad another incredible rally as few stocks are participating nasdaq is up 26 but a huge chunk of that is facebook, amazon, microsoft and alma bphat that gets the g in the acronym niece stocks are not that expensive if everything goes right for them everything that could go right has gone right the notion that apple supports a 2 trillion valuation is decemb disturbing for many people and there is skepticism that tesla up 390 for the year could be worth more than 375 billion. These are what people talk about. And theyre staggering moves when so many commentators said its absurd that tesla had a big market cap than ford and toyota, even though it makes fewer cars, its bigger than all of them comb ....
It is always a guessing game but this time around, the rules have changed companies will beat or miss their forecast now we are guessing how much money those companies will return to you. Sure, there are going to be disappointments. But less frequent. It is this delicious backdrop t that prevents the market from cratering despite these fears. Dow inching up 54 points nasdaq gaining we had a nice uturn from intraday lows. Speaking of a government shutdown, when we have one of these mickey mouse shutdowns, it isnt that meaningful for the stock market itself. It means a lot to the people who need government assistance, and it is shameful, they may not get it for most businesses, it is not a big deal people panic on news like this and that is the opportunity. When washington turns out the lights it gives you a chance to buy stocks lower prices than where it deserves to be trading. It causes delays from when the irs sends tax rebates. Again, another buying opportunity. Home depot, amazon, c ....
What happens when bad stories turn into good ones . I think the answer is under get the dow s p hit highs subpoena s p s p climbing, nasdaq climbing. The economy was going to weaken and the fed could do not to reignite growth, both far owes create their on set of worrisome problems there were plenty of stocks that can go up and many that can go down, especially if things went wrong. Led to the kind of up and down markets we experience from last year, the economy created great opportunity for hedge funds to make a lot of money. If a hedge fund think that a stock or a group of stocks are about to roll over then that fund will bet against the stocks in that group, shorting them to make money on the down side. The Clients Trust them to make money anyway they can, the last thing they want to do is miss an opportunity to profit from stocks going lower every weekend i approve the charts from hundreds of stocks and look for ones not winnin ....
It went nuts today companies that reported stellar earnings last night, some might argue they were sent soaring with reckless banning. Nasdaq rocketed up an extraordinary 2. 2 me i think its all business as usual except for some incredibly Large Capitalization Companies businesses that deliver amazing results get regarded immediately with wholesale evaluations which is what happened with the stocks of alphabet, amazon, intel, and microsoft after a genuinely spectacular quarter. We saw aggressive pin action and everything related to these companies from facebook to adobe, to apple which is how the nasdaq had one of its best days in years lets get right to the game plan on monday after the close from a a food snack company. This groups in bad shape. Its kind of like steve over the induced heart attack it doesnt seem to matter whether this Company Delivers a go ....
Jimcramer. All day i listen to the same complaints, if i could distill it, it would go like this, whats with this market, its make nothing sense to me, it keeps going up, it has to go down, ill wait until it goes down before i buy anything. Nasdaq went up. 73 . But immediately its followed up with a caveat that goes like this. I dont know about everybody else, but our company is doing incredibly well, our stock is cheap. But just with this president , this congress, this uncertainty, i dont know how this market can keep quiet. I think that sums up the dichotomy. If youre in the ailing. Were calling this the big picture. Now i want to make that clear, im not talking just about technology companies, im talking about all the execs ive been dealing with out here. The vast majority simply cant figure out what the other companies are doing to get by in this environment. They just know how theyre doing, and most are crowing about this years results so far. For example, last night we covered t ....