S p back 7. 2 . At jim query, would you buy amazon here . My quick response, two very different questions, yes and no. Thats right. Yes, i would buy amazon. No, its not worth 400. Welcome to the world of bull market discipline. The discipline to buy stocks that arent cheap but are right. A discipline that will be tested in the next few days. At last because of todays last hour 7 selloff sell, sell, sell that shook people out of their complacency. Im talking about the rigger to recognize what the market actually wants, though, not necessarily what you want. The dichotomy says you would rather have a portfolio that is hated and making money than be bound by concerns that may not be as relevant as they should be. Lets start with amazon, which hit at an alltime high today, 399 before being repelled along with many other stocks by waves of afternoon selling. This weekend on the most watched news program in america i called it a terrific advertisement for amazon. It was incredible. A film ab
Porky pig. Overnight in asia, shanghai and hong kong down sharply, some disappointed in that fourday meeting of leaders and bank of england cutting its forecast for inflation. Macys beating profits, affirming on the year. And a fight with kraft ends up costing the coffee giant 2. 8 million. Tesla confirming there are no plan foors recall. Outlines his vision and fires back at George Clooney. And doubts continue to compound about completing fixes for the end of the month on baum care. Revenues beat consensus at revenues are up 3. 5 prgs. The ceo says numbers are extremely strong. Sales trends at bloomingdales doing well. Big name for my charitable trust. Ta Terry Lundgren has been able to go against amazon. In is always whos got the antiamazon game plan. He can move around merchandise. Hes got my macys, the regionalization. If you go there friday night in pittsburgh, you will find steelerlike clothes, raleigh, north carolina, its bow ties and sear sucker. The new york store is doing wel
Declined. 49 . And the nasdaq nose diving an incredible 1. 18 . The house of pain. Before i can explain why that is, i have to note that once again, i dont really particularly care for the action in this market. I dont like that the initial Public Offerings are coming fast and furious this week like they did last week. I dont like how any words of caution are being met with anger. Ive been on the defensive for days on end about my negative view of froth. This weekend, my twitter feed jimcramer became a free fire zone from people who blame me for the reversals. And stocks as different as plug power, fuel cell energy, the 3d printing names. Its all cramers fault. Believe me, thats some seriously misplaced hate. I want every stock to go higher because i want you to make money. However, i do have a twofold job here, to help you make money and also to help you lose less money when things turn bad. Thats why i emphasize being diversified. Something that could be an anchor to leeward when are
something goes wrong. nothing could be more important right now if you re still one more session where europe crushedous. the dow sinking 63 points. s&p declining .6% and the nasdaq inching lower. i come back to this concept of understand ability when i consider the stocks that i ve notten behind over and over and over again on mad money as investments. one thing that s mischaracterized the about buy, buy, buy. so much as a stock that works as a long term investment and a took that gets blown out of the water comes down to its simplicity. take the growth stocks i recommended. you may not realize but do i recommend the same growth stocks pretty much every week here. the hospitality stocks. stocks like whole foods or apple or ama stone or chipotle or starbucks, disney. what do all these companies have in common? it s simple. they have easy-to-understand business models, not to mention great people at the helm who deliver consistent earnings time and time again. do we really q