Ideology won't make you money
When you are blinded by your agenda, you risk being blind to opportunity.
Ideology is a killer in this business. Ideology meaning that there's an agenda behind what people are saying, an agenda that might be keeping you from making money.
Take Europe. How many times have you heard that Europe is going to take us all down? There's ideology behind that statement. The ideology is that the social democrats are going to wreck the world and that we can't afford to have a European welfare state.
Or how many times have you heard the debate about how the economy is stalled because there's too much regulation? That's the laissez-faire ideology rearing its head. Or how about how the market is stalled because there's no demand? That's the "absolve the liberalism of Obama from the problem" issue.
Let me tell you something. I don't care about ideology. I care about making money. I am not heartless or oblivious, but my politics and my ideology should be of no interest to you.
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Let's face it, if you get lost in the political debates, you can't observe the positives or negatives correctly. For example, we can debate forever what Europe can do, but as long as the debate is forever, then we have a fighting chance to work our way out of the jam. The long debate has allowed banks to reposition themselves to have less exposure. It's allowed policymakers to have a chance to craft some thoughtful solutions. It gives them a chance to raise money.
As far as the demand-supply situation here, I don't care who is to blame. I just care about how we are really doing, and it seems like we are doing pretty darned well. If you get too mired in the debate over unemployment, then you missed this remarkable retail and restaurant rally. Get too caught up in Tea Party versus Occupy Wall Street, and you missed the seasonal tech bottom. You hate Obama too much or get too furious at Republicans, and you don't see rallies in transports, including stocks like UPS (UPS), which called out the toxic politics in our country.
I understand the need to talk and debate ideology. I care about taxes, and I care about energy and health care policy. But my real issues are trying to figure out what companies are going to earn, how well they are executing and how much we should pay for those earnings and that execution.
At the time of publication, Cramer was long UPS.
my idealogy makes me plenty and part of my regimen is to debunk you and SHORT you
why didn't your "rigor" alert us to netflix?
cnbc was average this morning without you which is a huge improvement
how did you EVER get the idea that you are so great?
how can cramer or anyone else pick an individual stock with any predictability?
you can do like cramer and do homework and rigor only to find out the books are cooked or the ceo had an affair ect etc..............using technical analysis and etf's gives you a fighting chance...........doing like cramer gets you a bushel of gap down surprises
CNBC bring back Erin and find her a decent partner along the lines of Mark Haines - this guy demeans your network and makes you all look like chumps !
@AtWake Up Now - I couldn't agree more!!!
you won't find another haines because all today's males are dumbed down by political correctness.....haines was old school....tough and savvy......pc couldn't touch him
just get rid of the shyster and his talk over everyone ego
oh yeah .....cramer missed warning us about amazon.......no that's right he did warn us
by shouting buy buy buy how bout that tech rally
Try wearing a bow tie sometimes. ps I am buying long and find your suggestions valuable. Why don't we start a stock which bets on state politicians and how they vote.?What do you think?
Have a nice day.
0( bgdog) sorry people but (slt) has a copper mine near dudleyville, so I assummed it was a USA co tells you what I no ,,, hasusta lavista baby
Your thesis is loony. People are worried about Europe because it is a real financial problem that could collapse the EU, the Euro, and the global economy. There's no ideology behind it all for most people that understand the problem.
The long debate has allowed banks to reposition themselves to have less exposure. It's allowed policymakers to have a chance to craft some thoughtful solutions. It gives them a chance to raise money.
Rubbish. The banks are just as exposed as ever and are poised to be even more exposed with the EU bailout plan. Policy makers haven't crafted anything. They can't even come to an agreement on policy yet.
When you write crap like this Mr. Cramer it's difficult to take you seriously anymore; You are like a carnival barker for the stock market insiders- you pump it and they dump it; however what really disgusts me is that I know you are going to hurt people financially in the future because when the EU and the euro are about to collapse you'll still be writing garbage like this trying to get people to dump their money in stocks.
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