Record that we saw back during the financial crisis of 2000, march of 2009. Jim, stunning though the number is, of course, we also have the stimulus or socalled lets call it more of a recovery act making its way through the congress the house set to act shortly on it were going to be joined by the treasury secretary, Steven Mnuchin, about 15 minutes from now to discuss that. And so many other things in the economy. What is at the fore of your thinking as we get started with trading a half hour frau noum . The gap we have 3. 2 million that file claims obviously, money comes for them, but i want to know date that the check is in the mail how it comes, how you get it, will it make it so that Small Business stays alive medium sized business stays alive, and is it enough to keep them alive for the pandemic . Is it one month, two months . How long does the 2 trillion last because this number is so big, and i dont think its peaking we have to be sure the American People themselves dont have r
A couple people asked me what was going to happen, said, hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did, dow sinking 137 points, s p giving up. 90 . Nasdaq plunging. I knew it because the politicians have finally been able to create enough concern in enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washington was also the scene of a real life and death drama today. Im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as their actual goal, which is to embarrass each other, stigmatize each other, make us feel the other side has a reason to worry about being reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. Bu
Its the sin of arrogance. When you own stocks you have to be humble. You have to recognize you are going to be wrong perhaps often. As the past few years taught you painfully, your portfolio will get hit with things you never saw coming. Things you never imagined never thought were possible. Who would have thought we had to worry about cipriat bank . Or a sequester abonomics . One thing you can be sure of when putting a portfolio together, at some point something is going to go wrong and it will hit you totally out of left field. Thats why its so important to prepare yourself and your stocks for the next unexpected catastrophe so you can make money in any market or not lose less than the other guy because sometimes thinks arent going to go that smoothly. How the heck do you get ready for a calamity you dont know what will look like . How do you expect the unexpected as an investor . Its not hallelujah, diversification. Its the single most important concept to investing. Make sure you c
Arrogance. When you own stocks, you got to be humble. Although, people recognize that humility doesnt come naturally to everyone. You have to recognize you will be wrong perhaps often. As the past few years have taught you, a painfully, your portfolio will get hit with things you never saw coming. Things you never imagined, let alone thought were possible. Who would have thought we had to worry about sipry ought banks what about abanomics. And one thing to be sure when you put a portfolio together is that at some point something will go wrong and it will hit you totally out of left field. Thats why dits so important t prepare for the next unexpected catastrophe, so you can make money in any market, or not lose as much as the other i go, because sometimes things dont go smoothly. How do we get ready for a calamity that we dont know what it will look like . One word. It is not hallelujah. But i always play it. They shout booyah, and im okay with it. But you if you say, im diversified and
On mad money to preach to all excesses when it comes to investing. Its the sin, the sin of arrogance. When you own stocks, you got to be humble. Although, people recognize that humility doesnt come naturally to everyone. You have to recognize you will be wrong, perhaps often. As the past few years have taught you, painfully, your portfolio will get hit with things you never saw coming. Things you never imagined, let alone thought were possible. Who would have thought we had to worry about cypriot banks . Who would have thought about sequester or about abenomics . And one thing to be sure when you put a portfolio together is that at some point something will go wrong and it will hit you totally out of left field. Thats why its so important to prepare yourself and your stocks for the next unexpected catastrophe, so you can make money in any market, or not lose as much as the other guy, because sometimes things dont go that smoothly. How do you get ready for a calamity that we dont know w