What now? Wait out the politics
Until stocks fall to the point where the anarchy in Washington is fully discounted, we just have to presume prices are too high.
I was soul searching all day about whether the people in Washington, D.C., just have no idea what makes business tick or actually just don't care for business.
I say this because the disastrous NetApp (NTAP) call wasn't about low taxes -- what some people in Washington believe is the panacea -- it was about rancor and ugliness and the loss of confidence in our country.
I keep thinking back to a moment when I was on "Meet the Press" just a couple of weeks ago and said this brinkmanship could actually hurt orders, hurt business. I was hearing it anecdotally from execs.
It's no longer anecdotal. Now it is empirical.
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But most others have to come down to the point where if they did get hurt by the wrangling, it is in the stock, and if they didn't, well, the stock can fly.
Until we are where the Washington anarchy is discounted -- and after watching stocks go down Thursday, which had nothing to do with Europe, I know we aren't there -- we just have to presume numbers are too high and just wait it out with yield protection or stocks that are so low that they just might not go down any more if cuts are on the horizon. These might fly if we just get in-line numbers on the next quarter.
That's how to position yourself after what we saw Thursday.
At the time of publication, Cramer held a position in AAPL.
Follow Cramer's trades for his Charitable Trust.
this guy's immature antics and bad advice on cnbc in the morning is a disgrace
maybe he went for the 28 year old nurse
- it was about rancor and ugliness and the loss of confidence in our country.
We need a 1/2% charge on all derivatives, stock and commodities trades. This would put us in surplus and affect mostly giant day traders and market manipulators.
Banks, wall street, insurance companies hedge funds and the commodities exchange produce nothing and they are wrecking our economy. Our 4 biggest banks have 8 trillion in assets and have been getting billions in 0% loans to play the market. These groups are fundamentally leeches and they are corrupt to the bone.
When the government guarantees a loan and a bank collects 500k or more for a 200 k house that is insanity. All such loans should be made directly for a small interest. This would cut student and home buyer's notes by half or more and leave trillions in the hands of our people instead of thieving banks.
America will never be a great nation until we have a government and a financial system that serves instead of rapes.
I gota level with you people about whats going on; and tell you what you may, or may not know. The system is built on Debt! The only way the Country Functions now is on DEBT PERIOD! If you don't go out and pay high prices for items; you don't go out and take on debt. You are considered Strange.
** The True American Revolution Started 2years ago*** When Gold and Silver were cheap. You see on youtube there were people made videos and discussed about the coming collapse.
3G'S is the model of one of the guys; GOD GUNS GOLD AND SILVER No Debt= Truth Life and the American Way is the model. It has paid handsomely; but what is truly best in LIFE?
You see these clowns on here are majorly invested in Paper DEBT; The thing you call money is just a promise to pay a debt... Read the Paper Moron! The Confidence is lost and when the Sheep pour in they will be paying for 600 Silver and 12000 Gold.... Mark my words...
Youtube Silver and Gold Community; where whos in the know! Knows whats going on... Look us up anytime...
Jimmy, between Washington and flash reporting , markets will become like you scisofrinic , addicits
,little rats that ate to much loco weed. Hey I know you have to make a buck ,and its ovious you have a horn blowing fetish . The media seems to be pipe piping , but Jimmy according to net worth you've got 100million would not cramerica be better off if you had another gig , Jimmy leading the new world finance system , just babbling people ,.,., go jimmy go , wave that flag , rant and rave,.,.,............
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While they don't know when it will burst, they do recommend looking to Europe if you want a safer bet.
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