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Today. This time dow industrial rising. Nasdaq at 28. 1 . These were all miraculous record closed by the way. Where did that momentum come from momentum is a tricky thing i can tell the market is on fire because employment is red hot. We know adp, at least incredibly strong numbers the Labor Department will give us a positive non farm payroll report tomorrow. I can tell you people are buying stocks, good feelings, breaking up with u. S. And china thanks to phase one trade deal chinese seems to be placing large orders with american business, dont you think . There is just one problem. I am not buying that these i am not just pushing these medical forces i think theyre not the force of todays market momentum. Why . Well, because momentum is what happens when a stock keeps worrying for emotional reasons and not financial reasons. A stock that goes higher because buyers went in at any price, that my friend is momentum now especially ....
Sure it helped but we were roaring long before that, thanks in large part to efforts of two brilliant chief executive officers stocks were high dow and nasdaq and much comes to the performance of two stocks, cisco and walmart. Which pleasantly surprised us with their numbers these are both turnaround stories people nothing proves worth of a ceo like executing a turnaround. Doug mcmillon, took over three careers ago and led remarkable revolution at retail giant where 100 Million People shop each week, monster company. First thing he did, drop a bomb. Told us would spend as much as possible to take on amazon, seemed fanciful at the time but said do with service and better paid work force. Understood the weakness was keeping good people. Training new people is dead weight raised price they paid people. At the time viewed as heresy now seen as brilliant. Walmart still run with input of the walton family. They want to win phenomenal 50 ....
And what happens when the facts change tonight im going to show you in real terms what can go right and wha what can go wrong, because i want to teach you how to learn from both my wins and my mistakes so you can replicate the wins at home but avoid the losses hallelujah these are all taken from reallife investments made with my Charitable Trust where is we document every trade in real time so we know what went through the minds of both jack moore, our Research Director, and myself contemporaneously as we tell you what we would do before we pull any trigger so often were restricted because if i mention one of the portfolio stocks on air on cnbc, the trust is frozen and cant take action. But we can tell you what the trust would have done. Sadly, because of the restrictions, the trust cant do as well as you might be able do with the bulletins from acti actionalertsplus. Co ....
Information. I do it in order to help you be a better do it yourself investor, or a better client i do it with a spectacular team of people, headed by an executive producer, who has been with me since inception. With the help of dozens of fabulous people responsible for everything from the look and feel of the show to the research we have a team that helps me with memos that backs up the research and we have a head writer who is our only writer, has been our only writer since inception, thats cliff mason, my sisters son, my nephew the show has become a labor of love weve been doing it for so long, we take it for grant it. Tonight i want to correct that tonight i want to talk to you about the show, its evolution, and how you can best use it or worse, misuse it and im doing so because theres so much we throw at you that you might not be able to use it as effectively as we would like i know this because i talk to enough people about the show and interact with enough people through email a ....
Cramer will you look at this market stock reports come out and say stocks with crash if the white house cant pass healthcare. Nasdaq climbing 1. 1 the question remains is secretary mnuchin right that this will go on the passing of healthcare the truth is tax reform the truth is not many believe a toks reform is coming. Yes, theyve lost faith. Congress thinks its more important than it really is, even the biggest pieces of legislation tend to only affect one particular sector. Like how the Health Insurance got a bunch of sweeteners from the care act they were the winners under obama and their now winning under president trump. Buy some United Health that made a opportunity of money democrats want to subsidize the Health Insurancers its a winwin for everybody except for you my real point here is that obamacare was the s ....