We deserve down much more

oldpigwang

Still Looking for the Right Level

By Jim Cramer
RealMoney Columnist
5/14/2010 2:58 PM EDT
Click here for more stories by Jim Cramer
We're still up for the year, and it almost seems wrong to be when you see the losses in Europe. While we are better than they are, the idea that we are up a couple of percent and the Nasdaq's up almost 3% -- with all of the big European countries down big (except Germany) -- seems a little absurd. When you factor in currency, even those gains turn into losing gushers.
Now, our economy is vastly different from theirs, but we know that doesn't matter anymore because we are trading with them and, to a lesser extent, China, which is also down double digits. The irony is that at this pace of a decline, we will be underperforming Germany's 1.67% gains in local currencies, something that would be pretty absurd if we weren't trading at this point pretty one-for-one with the continent.
Are we as bad as they are now? Do we deserve to be down much more? I think the answer this market is giving you is yes, given the most recent job claims and the anti-business bias out of Washington. Their austerity is our austerity at this point.

Still, I remain convinced that when we get enough shorting and enough factoring in of the alleged weakness in tech and retail, and when oil finds a level that represents a slowing demand but not a cascade, we will be at levels where we can buy something other than accidental high-yielders or the fastest-growing stocks.

We just haven't found it yet. I hope it isn't when we take out the performance in local currency of not only Germany but France and England.

AGA7d

Cramer 说跌，我还得认真一点。Cramer 耳朵尖得很，一定是听到什么风声。

xxtrader

Cramer 说跌，我还得认真一点。Cramer 耳朵尖得很，一定是听到什么风声。
AGA7d 发表于 2010-5-15 14:01

    晕死了，俺的感觉怎么反而相反， Jim Cramer向来就是大反指，他说要跌，俺看来要在低位捡点下月初有消息的药股的便宜货了。

AGA7d

晕死了，俺的感觉怎么反而相反， Jim Cramer向来就是大反指，他说要跌，俺看来要在低位捡点下月初 ...
xxtrader 发表于 2010-5-15 14:08

平时你可以不信，但大风大浪的时候他多半是对的，他知道不少BIG MONEY的动静。我有好几次的经验了。

sooners

回复 1# oldpigwang


   

atrader

晕死了，俺的感觉怎么反而相反， Jim Cramer向来就是大反指，他说要跌，俺看来要在低位捡点下月初 ...
xxtrader 发表于 2010-5-15 14:08

    agree

bokchoy888

平时你可以不信，但大风大浪的时候他多半是对的，他知道不少BIG MONEY的动静。我有好几次的经验了。
AGA7d 发表于 2010-5-15 14:12

Good point, comparing to us, he was a MM and do have access to the inner circle. In bull market, you do want to buy into his bullshit. Of course, how to make $ out of his bullshit is a totally different ball game.
But, one should be caucious if he is changing his normally bullish tone.

牛熊

氢氧化钠

他周四才说牛来的

blackrock

他周四才说牛来的
氢氧化钠 发表于 2010-5-15 22:22

    那更说明问题了

氢氧化钠

那更说明问题了
blackrock 发表于 2010-5-15 22:24

嗯。不过注意time frame.他说的跟FA有关，很可能是中长期的事情