Cramer: This bear market is getting long in the tooth — here’s what is changing.
Something’s happening. You can feel it. The down days, as painful as they are, seem more muted. The up days show a dearth of supply. Most important: When we get through earnings, we will have plenty of companies buying back shares and, more than ever, it might matter. If there is not much “above,” meaning not a lot for sale, the bulls could really romp.
We had tremendous crowds, including many grateful Club members, and I always make time to talk to everyone. Here’s what I found: Almost everyone was nervous about the stock market. They weren’t persuaded by Friday’s rally, when the S&P 500 and the Nasdaq rose 2.37% and 2.31%, respectively. They have been hurt by the semiconductor stocks which, in turn, have been hurt by President Joe Biden. $S&P 500 Index(.SPX.US$ $SPDR S&P 500 ETF(SPY.US$
I get that. The intellectual power of semiconductors may make even the slowest of chips from Advanced Micro Devices $Advanced Micro Devices(AMD.US$ and Nvidia $NVIDIA(NVDA.US$ the target of White House bans. Perhaps the Chinese find a way to put them in the data centers. Or use them militarily. It might prove to be too much for President Biden to allow. $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US$ $PHLX Semiconductor Index(.SOX.US$
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persistent Beaver_02 : Gotta give Biden some gratitude, he will lead U.S to the signing of the New 3rd World country's Declaration of Independence woohoo
persistent Beaver_02 : AWESOME
Cramer ETFOP persistent Beaver_02:
Cramer ETFOP persistent Beaver_02: Wealthy