Over a major market. The demand in china is driven by a weak private consumption. This is not really coming up. Theres uncertainty in the people. The export is not picking up that well because the Global Economy is not that strong. And israeli Prime Minister Benjamin Netanyahu stands firm on the rafah offensive despite telling cnbc they will push on regardless. Yes, we have a disagreement on gaza, rather rafah. We have to do what we have to do. Sometimes you have to do what is required to ensure your survival and future. China and russia signing a joint statement on ties with russian president Vladimir Putin highlighting energy as a key priority. We are looking at breaking news from the ecb. The European Central Bank Financial stability review coming through this morning. Just reallyi speaking about financial vulnerabilities have eased, but the outlook is remaining fragile according to the ecb. Conditions improving ultimately there. Recession risk declining, but markets remain exposed
A new report to his clients. Hes here with us at post 9 to share it with us and share it with you. Laszlo, nice to see you again. The front cover says it all ill hold it up, as the big reveal, 3200 on the s p. When and how . Most people dont realize that were now in the second great greatest s p rally in history and were actually ahead of the 1990 rally. And if the the market continues to gain 11 basis points a day as it has for the last six years. That two years out or so, were going to be over 3,000. So its more a matter of guidance. Were trying to tell people stay with it dont let the bad news shake you out. We heard all of this before. And theres no reason why we cant go back to as much as 1990. Theres no reason why we cant keep on going. The market feels a little tired, theres news thats been unsettling investors from earnings that arent that great. China, the economy slowing down, the stock market crashing and unsettling people. Theres still the Economic Situation in europe. I co
Yeah the average making new highs. Dow at the best number of year f nasdaq climbing 3 it lulls you into believing this mark cant possibly be hammered. Those are often the most dangerous of times what happens if north korea tests a missile and it did you know clear japan but land in it . How about if we get a return of president trumps old vie tilt of the white house the market keeping off i dont think we can discount any of these things or even something far from left field or even a cyber attack. The ceo somehow crazily remains at the helm after what maybe the worst data breach in history when it comes to our finances, we got to stay vigilant. Theres also something bad that can happen im saying the recent streak of positive is highly unusual, maybe as unusual as whats going on with the tribe in cleveland even as it makes plenty of sense in this lower inflation, we dont know how long that lack of negs can last. Heres what im urging you to. First dont get cocky. Second alone let third d
Over fist, theyre simply techies that nobody wants at the moment but the bottom line is, that will change when these high Growth Stocks represent better values with stronger shareholders. Until then they are falling knives and unless youre a buescher block, id stay away from the kitchen until gravity runs its course. Lets go to phil in new york. Phil booyah, cramer. Booyah, phil. Whats on your mind. Ive been investing for eight years. Where do you see apple within a few years and can that become another win without steve jobs . Thats an interesting question. Its a rim without steve jobs. Its got tim cook. Apple is a tech stock. If you noticed it, it held up better than most tech stocks. Why . Its selling at a much lower price earnings multiple. Going to get a new iterations of an apple phone later this year. You hold on apple. You made a great investment. Dont trade it. Own it. Larry in massachusetts. Larry. Jim, youve been as strong this week as cam newtons arm. Safe trip home. In lig
Nose diving an astounding 3. 25 . As many individual stocks were annihilated beyond all reason, just laid to waste. Maybe they havent found a bottom. Linkedin collapsing 44 . Tablo soft wear down 49 . Those were darling. The spillover to all the high Growth Stocks from sales force. Com to adobe. Many of the Growth Stocks s e being punished excessively, its too early to start to pick up among the rubble. This has become a verizon market to mention a Solid Company with a good dividend whose ceo will be speaking to it later in the show. This is a defanged market thats taking it right to facebook, amazon, net book and google. Ill get to my game plan in a moment. Were in a rolling bear market. I talked to you about this before. Whole sectors are being revalued negatively down on the fly just as one group starts to recover, another one goes into free fall. Company. Theyve parsed the commodity stocks, theyve obliterated the pharmaceutical, pummelled the retailers. Now its high growth time to