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tv   Mad Money  CNBC  December 19, 2023 6:00pm-6:58pm EST

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give us a call in tim's world, agnico-eagle mines, comes out aem, ty >> all right that's your "fast money" for tuesday night. "mad money" with jim cramer is >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i hope to help you find it. mad money starts now. >> hey i'm kramer, welcome . i'm trying to make you a little money. my job is to entertain, educate, and teach you. sometimes during an incredible run you need to take something off of the table.
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even if every fiber of your being screams that you should be buying and not selling anything. we had a strong damon points day in points. i think it's one of those moments where you've got to redirect for something. everyone wants to lk about buyingverything. don't get me wrong, i like this very much, you'll hear later on, stocks headed high. a starbucks it looks like they cou indeed ar. the truth ise are in the sweet spot with the fed tightening in is rac you nnotight the friendly be theest time to buy but we are talking about tm today .
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in the club meing. we have a lot of stocks hover we are selling into thrally at this stage. why, if you've been around, if you'venvested overany years then y know that this a terrific moment to sell sothing. sen on thesolator, sev straig up weeks. it feels aggressive me, to pressure loct at this point sohat shou you d you should look at your perfornce on the side, a parabolic move. then yes, do some analysis. there was a major plern the virtual station softre which is what makes cloud possible. we think it's terrific combination ofardware and software which a much higher
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valuation outcome. t will we have valued stock at more than 20%? we sold some shares r the ust. we just trimmed up the position which fes old-fashiod and old-school in a markethat loves stocks that likes to go off in a straight li where people chase them anchase them. the small sale which would my cleaguementiong thifrom mornin i thoughte shou talk about it. let me give you some rules and insights that i think in more before theyears morehan 40 years of mching money, this affects everyone and i don't know it's helped me before. bus make money andears make money buhogs, they get slaughtered.
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translion, it's okay to make a ton of money on the long side than on e short side but if you don't ke something off of the table thenou'll starved. i'm going to see some real with this ock, the only case of it, if u're stuck with a firm hold of this you've now made an astromicalmount of money. 17 and 21 on this, it valued at $50 including todas 50% move after walmart expanded inflion with the fm including its self checkout i like a firm, the company. the buyout paid off through a difficult time. they didn't have credit probms. th thought people would get crhed anmany stillo. that's whyhey decided to gang up a try to crush it, 22%
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shortage which is that they never boered to cover this. the shorsellers mu be beside tmselve attracted burs who smell the blood in the water. next is gametock the trto find stk to buy i and close the positio the save themselvefrom more pain. especially thathe feds are likely to -- next year. theyikes the servicer elsec. theyould bexpandg indivials to businesses so somethinhas happened when e rubegan but i think 's less likely to be ented by the buy thisoesn'teem like all that already mailed andore.'ve
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this is a move brought on by contracts that simply are not a big deal. yoshould be selling the stock here. everyone within 40 been business 40 years of the business, the bears are back. they won't be happy until all of the shores are roadkill but stints game to stop one to $400 no one wants to sell the stock. they are holding to a firm betting on $400 betting on this move, another 350 points to go. going to hunt for something else to buy among the down and out stocks that haven't been moved yet or the companies that had been the next big thing, the buyers don't care about value. they just want to crush the shorts or break their backs to take the stock on this which is probably double where it is now. the game stop playbook, let me tell you something i've
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learned, it's impossible to call the top of the interest stock so you need to scratch your way up see you don't get hurt too badly if we are at the peak or miss out on the outside if we aren't at the peak so if you've got to sell something because moves like this ron and the firm does not last forever then go do this. of course this could help with running and the bulls mock me from being too cautious but if they never sell them eventually they would get burned so you don't have a profit by the way until you sell so that's what you need to acknowledge, we are all fallible. we don't know whether they will figure out whether these deals are big for amazon but they don't want to give up on a good thing. a firm is worth $40 or $400, we don't know. we couldn't possibly know. we sell some stock what is worrying.
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we have nary a share. i never thought i went to one no score or grind giant under credit scores, sale has become a dirty word which is how you know the market has gone crazy and how they will take a firm up. i beg you to take off something off of the table, even if no one wants to sell in the market because it's so high. i'm not willing to watch winners turn into losers and you don't need to go all the way back to see what happens
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when you don't sell. the same thing happened at the end of 2021. the bears were praying, affirm, next up 100. i hope that they don't count me when i say take something off of the table but then again they will. tony in florida. >> today's monthly meeting was great. >> oh thank you, tony. thank you for that what's up? >> i'm calling about the stocks , i don't have any consumer state stocks at all. is procter & gamble a goodbye and? >> absolutely. the strong dollar crushes them. we lost $1 billion and they've got their own costs coming down . they've got those low-price technologies. proctors the one you want. john in illinois. >> how are you doing? >> not bad how about you? >> i'm just trying to get by. i'm looking at a stock called arm holdings plc.
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looking at this for looking at this 420 24. >> i think that the ceo is tremendous. we like the stock in the 50s and we liked it in the 60s. i'm not backing down i think that the stock could go to the 70s. if you've got a huge game, i think you should take something off the table even though no one wants to sell in markets this high . the affirm busters, they like to cover 100. the stocks are going one day higher but the dow and nasdaq are in their ninth straight day of gains. i'm sitting down with the ceo of bancshares to find out what the feds move means for regional. under the radar player aiming to disrupt legacy brands. don't miss the sit down with autodetect. stay with jim cramer.
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>> d'tiss a secondf mad money follow at jim cramer on x. tweet him at hashtag mad mentions. send your email. mad money at cc.com. if you missed something go to mad money .tran01.com. with gold bond... you can age on your own terms. retinoovernight means... the smoothing benefits of retinol.
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last week we took a look back at the ipo classic 2023 especially that i recommended or warned you away from. i told you to steer clear of savers value village or insta cards but there's one i did not mention, oddity tech, the direct consumers company. i liked the numbers in july. but the stock tumbled in
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october. i told you last week, i'm not ready to give up on this one especially as oddity had a terrific quarter last october. it had excellent guidance when i turned in the formal report last month. the stocks rebounded at 44. there's a lockup of the insider selling so you may want to wait before you pull the trigger but in the case here, i very much like this story. let's check in with lindsay drucker, the global cfo of oddity tech about the business. he can't give specifics because they are in the quiet time before earnings. welcome to mad money. >> thank you for having me here. >> you've got a tremendous business model. it's incredible. you basically said, our success is based on our outsider approach, we are a technology company seeking to reinvent every aspect of a massive industry.
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tell me what this means. >> oddity tech is transforming beauty and wellness industry with technology by and liking unlocking online and delivering consumers the best in class products that solve their pain points. in the five years since we launched in the u.s. we built the largest direct to consumer platform within the industry and have two of the most successful direct consumer brands across any vertical of all time. we are just beginning. we continue to grow our market share with the existing brands that we want new brands and products and categories. we are already winning and beauty, in skin, and hair. effectively, we are re-creating with the beauty make a cast dated in physical retail and we are doing this online. >> and you've got the rare combination of scale and growth and profitability in the
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profitability here is stunning. for the perspectives you guys are doing really well. >> we are. were really proud of these financial results we delivered. looking back at earnings for third quarte we expect to grow revenue of excess of 50% after having grown almost 50% from last year to 100% from the year before that. talking about the same earnings call, we didn't do close to what we know we could have done because we were holding back to pace the growth. >> how did the makeup people hear about it? i know i'm not obviously the core customer but it seems like you've got a lot of visibility. people are very excited about this. >> we have over 40 million users on the platform so we built our platform to support a portfolio of the standalone
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brand with independent operating teams who share the technology and data so we had our first brand il makiage. it's got a big and growing business overseas. a spoiled child is the most recent brand launch in february 2022, less than two years old as we said in the last earnings call and it will deliver $100 million in revenue. we think it's the most successful direct consumer brand launch across any other vertical, brands three and for are in the works to launch in 2025. brand three is a medical grade skin and body brand. we address a whole range of skin concerns for consumers which is amazing for the category. this is huge, its global with these categories and pain points that consumers have under invested by these incumbents and technology where we could solve the problem. >> where do you fit in with
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these companies? l4 esti■ lauder. >> these companies we really respect , elf has done a great job of delering great performance and we trade at half these with multiple despite having financials by comparison which are strong and we think that we overall operate in a more attractive market. estie lauder created extraordinary value over the long term for shareholders and recently we had challenges but if you take a step back, unlocking the distribution and prestige beauty, that's what we are doing but online. we think that that's the most important channel of category weeks. looking at a market like china you see how big the potential core is. >> you were the head of
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consumer tech equity capital marketing at goldman sachs. how to transition to this business? >> believe it or not, i loved my job at goldman sachs. i wasn't looking to leave but if you meet the ceo and our cofounder you'll know why we why he decided to leave a job. i loved to join him. in my 20 years in wall street, i had the opportunity to know thousands of tech companies as soon as i saw the p&l right away i knew i had seen nothing like it before. i had not seen a business scale so quickly or profitably online. it had a different mouse trap d i saw how fast the team was running so the caliber of our running at a huge oprtunity, categories. ultiple brandsnd when iaw the beautindustry which i was familiar wit
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these re some of theest stocks and great categies. ifouould inject tenology to transfo this then ifelt like icould be a home run. >> ithat the conct hind oddity labs. thate are outsiders.om the fact nobody works within the dustry. we hava differt playbook and is part of our success. instead of trying to figure out online or invate and fail, partf e issuis that they department stores buitds and doesn'work f online swe came up with fresh thinkg. oddity labs is the in-house biotech where we build next- neration consumer products to really sol people's pain points and transform the market. >> i've got to ask about the impact of the israel-hamas war on this. >> these are really challengg times . our team in tel aviv whe our center is. they are
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extraoinary, thihasn't affected ourusiness. we don't expect it to. >> wellook, i'd like to congratulateou. i kn that theris a lockup but what aowerhoe compy you' created. whetheit wn a short it'smazing. congtulations >> thanyou it'sreato speak to you. compy.this is amangial what c i say's beea winner for us . coming up, th so much cash on the sidelines, could this reallye near the top? jim amer goes off the charts that's next . the market.
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in ts bravnew market,
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ever since the federal reserve came out and told us they re mo worried about caung a slow down than fighting inflation. floating the possibility of three rate cuts the erages have been unstoppable. unlike the rallies at the beginninof the year which re all abo sength small grps, th new bul rket has winrs all ovethe place. is this kind of acti t new noal? you need an empirical answ which is why we are going f the charts with ssica, she's a terric tecician. the first man on t activ ade desk and she's the rectorf education in well as the cofounr and cohost of the marketaker podcast make-her. aust could be a heinousonth for stocks and around 30-24 there we
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the months ocarnage and she said we could see a tuing this turned t be thgrea move we had ince le octobe she says it's tycal to call top with so much cash tting on the sideles. takes timfrom money managers to reposition. many othemere waiting for fed sheets and will only receive them lasweek's so they are repositioning furiouy, thas whatou are seeing. e thinks it's the real deal, for st of 2023 averages were carried by the strength the few main stock had theull market and artificial ielligence which which turnedn demand and earnings for a small number of othestocks. a buying frenzy in
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wall street hacused onig picture croecomic numbers but not everything gets to the same levelf attention. there's a ge uptick in prodtivityccordi to the bureau of labostistics with n-foreign labostatistics. th's huge. rather than fretting about whether or not the rally could continue we should be oking the growing economy. you're paying peop the same amnt of moy. th spent the last year or so bracing themsees for recession. now the panic appears to be done bringing thpain and these companies appear to be in fantastic shape. let's start with the weekly
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chart the i shares of 2000 it's a benchma for the stocks that were obliterated in 2022. they didn't find the footing in 2023. in other words, right now, they e chock-full of value stocks the index is in the process of forminpace. when you have a solid sideways basic to turn into a trampoline, sending you higher, the small etf rallies ran into some resistance at 198. at's where the index peak in august of st year. this level represents us who areager cash t. weeed to jume hurdle to confirm the markets really broad. surenough,oday they broke out above 200. although ey n't consider the hure til weould have closto 197.
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in other wor, if they hold at th levelhrough the air friday, look out. they are heavily weighted tord technology. it's the financials that make up the largest pie. with t industrials at 18.8% you' got tt your head nd around the financials which brings us to the weekly art. these represent lae banks and brokers and investment banks you find in a small order in 2000 and you look at this there's strong resilience from 35-38 whicwas orinally the financial etf weekly high back july 12 o2021. they've now broken through the
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the olceiling has becomehe etf's new form of support. is comes at 37-69. th represents the 78%, 78.6%. therwas a monster decline in 22. if we uld close up the n ceiling this will give us more insight and you looking at the mergers right here, ok at this, key momeum with prection we got what i known as bullish crossover where e line goes above the rim with thoseonsistt theyreood at making solid players here. it's especially true as they continue likelihood laeek.
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i agree, this is a great moment fothe financials . the broad market is reesenteby t spf 0. she says it looks ke a variation of the same thing. s. they suddenly became your friend last week. they cleared a major resistance rifle to 4 6, 3, 7. ey beeve that was the b deal because the restanceevel, this was their forof support under the altime high whic a sto's thr away. the ne ceiling, from our persctive is doesn'tount unless we nish the week ove ery level. th is strong uptrend as
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they have the high end of the brand. the lines above and below the action, it's juschging it's way higher. e charges determined sgest we c have more confidence to thbroad llwhen theeak thugh the latest ristance levels on weekly basis. they just need to maintain them thugh the end of the week to agree, ihink thais couldis. i happen at that same time let's not be greedy. talking with anthony. >> wt's going on, this is anthony calling om louisville kentucky. what are your thoughts on paal stock and their new ceo? >> okay, so, if it weren't for
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alice chris i would say why are we wasting our time with paypal? but 's just the opposite, he's a heavyweight. he's done so many things right u shou have payp. that's h much i like that guy. mark in texas. mark. >> hey, thank you for taking my call. my question is about ally financial. the results in 21 and 22, th've been negatively impacted by the high rat environment. in the fir quarter, these timates are in t last two quarters. with thesenterest rates, they've lost momentum with the anticipation. my concern with the resiation of t ceo, the replacement has yet to be named. should you should buy sell or
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hold. >> i don't like wh you just told me but i will say it's in a sweet spot but it's just you need to have t 8% to 10% pullbackefore you could pull the trigger. it's one of the hardest ones there is to have and to trade. we could have more confidence when they thoroughly breakthrough these latest position levels. thosare the charts we need to watch this week. confirming the strenh of this newly formed rally. we are going to talk about the sls to talk about what they expect in 2024. all yeare've been dealing with the damage with the fed. i'm hoping foresstragy in the new year on w to invest around theed. stay with jim cramer.
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what a crazy year it's been for the regional bank stocks. interests went under in march and the whole industry was obliterated. even though they stopped going lower,he regional banks did not ruly recover until last month. lately, they've tried to make a comeback. some peoe would say it's with a vengeance realizing that interest rates beat. i want to check back with one of my favorite banks as you know throughout this whole. it's a regional bank, a
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columbus ohio based huntington bank shares. i think it's got more going forward. let's take a close look at the chairman, president, and ceo. mr. steiner, welcome back to mad money. >> thank you , good to be here with you again, jim. >> in the midst of the darkest moment you came on the air and you said it's business as usual. i think that some people got in at treatesprice ever but others said , come on. the fact of this when i look at what you've done thiyear, was busiss as ual, wasn't it? >> it was, three quarters in the row . you were prophetic. >> i was prophetic because you are straightforward. people don't understand, you were operating from a position of strength and driving capital
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ratios higher. you rigorously managed credit quality. these were the things with debt companies and you didn't have that. >> thas right. we had strong capital and we built it. fabulous liqdity and we made this stronger with a significant backup line. the best liquidity position of any regional bank or larger. credit has been outstanding for the year. earngs hadeen really good . all for cylinders are hitting edits allowed us to do things to support customers and gw. >> there w a moment when you came on and i said everyone was losing dosits and people are going to take e deposits and send them to j.p. morgan you said we are growing the deposit base. that hpened in a whole year, didn't it? >> we grew deposits every year. we expect to be able to do so
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with great colleagues and great stomer service. perennial jd power award winners. we do things wre our distguish products based on this. >> you move to the high growth areas during this time and i have to say they were kd of under banked in the north carolina area. how is this going for you? >> we justaunched this so we talked about this a couple of weekago during a conference so we have this tremendous group of experienced bank managers who joined us in north and south carolina. we are excited to build up the deca so we know whate are r a gettg into and i coun't be more thrilled. i'excited, we are poised with the high-growtharkets, five cities and regions,ach would be 100 in e u.s., typically that's not what we have seen in the midwest so it's a great ment for us. >> starting with the midwest, you're at the epicenr with thmoney coming in . it ha lookg at the
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intel,ust as one example, the cranes there a massive. the scale of the first plant is incredible. i've been ound plants before but when you get to a fed, these are on a whole other level of size. it'one of many. wead lg, honda did a joint veure. they recommitted by putting a line into marysville ohio, we had a lot of announcements in rms ofconomic develoent in central ohio and you could see throughout the midwest, michigan has de well and other parts of ohio had done well. other eas in the midwest had do well. >> let's get to another area . commercial real tate. you're a banker who knows what you enter. i've got to believe any loan nortof $10 million you've
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probably been to the building, commercial real este problems overblown freedom? >> i belie so. you are right. as we grew t bank we were very careful with the front and guidan about who wd do siness with. so historically, have known l of our larger customs as we combined th tcf i can't the vast majority and i know property so i am confident. very confident ithqualy of peop ware doing siness to wk through the issues that are out there combined with our with to help the customers when they need. >> talkinabt the other customers you help that were supposed to be wiped out by the feds tightening was small businesses. rightyear in year out we are the numb o sba lender throughout the u.s., it's a we d a lot onding thisint. yearnd lowefaults oross levels and small business.
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they may be stressed a bit but they areoing things. th are doing things to reset how they are operating and being smarter some of their expees and driving revenue and continue to burenue anabsorb some of the flatiothey'vseen over the st yeaor two. >> i don't want yoto denigrate any competitors by nameut all of thquestions i asked you, not allanks cou answerimilarly positely >> that would be the case. think we'vokenut from the pa parof this has been disciple in place for years. soe had an aregate to moderate l risk appetite and we've remained discipline with it. in a moment where there are tremors in the markets, disruption ithe silicon valley failure, that was an opportunity for us and we chose to pursue it that way. >> the facts, regional ba,
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with tremendous ties to e bank region. peop aren'anxious to l the bank go under it's the bank they want to send the money to in order to eserve where they live. >> they've got that aspect i think for regional or lower banks throughout the country with a lot of great bankers but for us, for more than a decade we've had jd power awards. our colleagues are engaged helping customers the loyalty quotient is enormous. that's in part how we have grown deposits every quarter this year. >> i've got to tell you you told it to us straight. i know there were many skeptics who were painful but they were proven wrong because you're a good banker. the chairman and president and ceo of huntington bancshares. and all i can say is we told you so. mad money is back after the break.
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>> coming up, jim cramer takes your calls and the skies the limit. a fast far lightning round , next. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently.
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>> ligning round is onsored by chaes schb, trade illiantly. >> it's time . the lightning round is over here. are you ready? i'm going to start with joe in new jersey. joe. >> hello . thank you for
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taking my call. >> you are welcome, what's going on? >> albertson's on your recommendation, should i still hold onto it? >> i think you ought to ring the register. i think you will want to block the deal. i don't want you to get hurt by their gumption. to brandy in massachusetts. >> thank you for taking my call. i'm studying business at western state university. calling about the stock. >> the stock just ran from 16 to 27. that's too high for me. i think you have to shift some and take low profit it's time to move on. going to evon and tuckey in kentucky. >> i don't care for them at all. it's way too low.
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let's go to paul in new jersey. paul. >> booyah, jim. >> booyah. >> thank you for the monthly meeting it was pretty good. >> thank you very good. >> accelerant energy. >> it's an interesting way to play. it's an interesting thing. i think of them as enterprise partners and et. let's go to mark in kansas. mark. >> booyah. how are you doing? >> i'm all right, and you? >> all right i'm good. talking rtx. >> i think they are making a major comeback . i think they are doing better. let's go to bill in massachusetts. >> booyah. >> nice what's happening.
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>> i enjoyed the monthly meeting today and it was incredible. you were on fire. >> i was fired up. that's true. >> i've got a question for you , i bought someone 90s and i love it. i'm ready for more. >> i think that it goes higher. that's what they need. i think it's a good stock. in 2024, it's there year. thank you for your nice comments and your call. paul in texas, paul. >> merry christmas and thank you. >> merry christmas to you. >> a cls. >> another good semiconductor component company with so many of them i don't have too much it's not that expensive. jonathan in pennsylvania. >> merry christmas and happy new year's . >> what's going on? >> the stock i'm calling about is a 12% year to date holding%
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over the last month. they announced last week they are exploring a sale and i've been in this since 2018, should i hold or sell right now? >> i would take the prophets in half. it's been a great move for you. let's not give this all back. that brings to the conclusion of the litning round. >> the lightningound is sponsored by charles schwab. >> coming up, he'd theed but use your head. jim cramer shares a common sense approach to dealing with dc. next. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more -
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you will love migrating... the sun... the sand... [ thunder clap ] we're not gonna make it. are we? uncle dan! we're trying to get to jamaica. stay close and.. everything will be all right. [ gulps ] >> walk back this, take back that, nothinmeant, nothi how manyimes have you heard these phrases to dcribe e federal reserve? throughout the process where told the fed presidents m up we should ignore an entity represenng the market. we tire ourselves t listing to these ierviewor speeches we think there's us in these
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equivalents but it's just not true. it constantly throws peoploff of the set. if we'veearned anythg is that the fed is all about j powe, you're fooling yoursf if you pretend oerwise. how do youandle all this infoation? we can aays listen to d officials but when they contradicts the mostowerful fed chairman you just believe e chair. there's no one me clear. we constantly seem to think there is no one more important. it bad enough that so many fed and it been happening all year but when they see they e raised to a fed ficial who may be at ds for t rest of the committee, nothincould berong. i think we need imit ourselves to makinthese to thinking out the ourlves employment pron friday otrwise u are deing th nflicting data points which it at all.osble to think of
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sohat should we look at? we go bao the bacs, inrest res havg big move goodr bathin. es saying stocks too expsiveersus the prospects. somethinthat seems like it cod ben aftertught. is it a itive or negative? back to firing out if theyt need to pull bk are forced to buy. even as people seem to affirm these answs. for most of my career the business was all about the basics. this was based on correlations that may or may not keep holding up we should return to the old approach of 158 american households owning stock in some form. we need to know what levels represent value and what are too expensive and we need to stop listening when permanently negative strategists try to
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knock us off our game. we would be free at second guessing fed talk and strategic gameplaying. one representing good companies with great prospects which could withstand the test of time. there is a bull market somewhere. winter is over? a new signal that housing may suit -- turn red-hot ago. the stakes for the global economy dialing up as iran backed rebels wreak more havoc. >>

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