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RealMoney MIDDAY BULLETIN | SEPTEMBER 17, 2010
Jim Cramer
A Good Weekend to Stay
in the Market
Jim Cramer
Do you want to risk a weekend filled with pro-business chatter leading right up to the president's interview on CNBC, one that I expect will be positive toward Main Street business and olive-branch-like toward Wall Street? Do you want to be out of the market ahead of what could be a behind-the-scenes compromise on tax rates or a strong push against the Republicans with fiery rhetoric coupled with tax incentives for business that ignited the market the last time he came on air? Throughout this rally, people have been awaiting the pullback, noting that the market is overbought and that there are many converted bulls. The problem with that is that someone who likes the tape, like me, has to be mindful that it is so much easier to be bearish, and to stick your neck out and say the rally can continue is not a good percentage play. Still, I would rather go with this one rather than against it with a belief that we could have some political positives that could create a springboard to go higher. |
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