Jim Cramer of CNBC said during his Stop Trading segment that you have to see Jp Morgan ( JPM ) go into the $20's before you can declare a " stock market bottom" for 2009 and declare today's rally more then a bear market bounce. Keep an eye on JPM stock as we trade over the next several weeks.
Keep in mind, Jim Cramer was not bullish over the past week when his friend Doug Kass made bottom statements for the S&P 500. The Doug Kass bottom is actually 693 on the S&P 500 which we broke but are now trading over 710 today on the Citigroup ( C ) news. Although, Cramer notes that the uptick rule would make him bullish.
"The Chinese stimulus plan changes spending habits as they are basically giving you money to spend. Check out FXI stock. if you like China. "
Fertilizer Stock Plays - " I like TNH because of dividend play. "
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Showing posts with label stop trading. Show all posts
Showing posts with label stop trading. Show all posts
Tuesday, March 10, 2009
Tuesday, October 28, 2008
Jim Cramer CNBC 10/28/08 - Bullish on the Market
Today, 10/28/08, Jim Cramer was on CNBC's Stop Trading segment. Jim Cramer thinks the market is going to be up substantially today. And it is just that, the stock market is riping higher as he is talking.
Jim Cramer said he thinks NYX has been beaten down so much, even that stock will see a bounce. He called the NYX fall, " an amazing fall."
Jim said that he didn't feel that the stock markets should have fell into the close yesterday and we are playing a little catch up today. Mutual Funds are marking stocks up for the end of the month. He also stated that the Verizon ( VZ ) news was great yesterday 10/27/08, as well as the Boeing ( BA ) news. Jim is bullish on stocks in the short term and he will probably mention this on Mad Money tonight.
http://daytradingstockblog.blogspot.com/
Jim Cramer said he thinks NYX has been beaten down so much, even that stock will see a bounce. He called the NYX fall, " an amazing fall."
Jim said that he didn't feel that the stock markets should have fell into the close yesterday and we are playing a little catch up today. Mutual Funds are marking stocks up for the end of the month. He also stated that the Verizon ( VZ ) news was great yesterday 10/27/08, as well as the Boeing ( BA ) news. Jim is bullish on stocks in the short term and he will probably mention this on Mad Money tonight.
http://daytradingstockblog.blogspot.com/
Labels:
10/28/08,
2008,
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bullish,
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jim cramer,
nyx,
October 28th,
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