Which tech stocks? TSLA? BYND? UBER? Now I have to cancel all the GTC sells I have a feeling he knew margin longs are more or less flushed, plenty of amateur shorts and big boys have loaded up big times on certain stocks. I expect some kind of bullish articles would pop up. Like new cases in China and Korea have drastically drop and factories in China are ramping up fast. Initial responses to GILD Remdesivir is very promising, Many patients no longer has symptoms after 1-2 days.
He listed 20 names to his subscribers. I am not a sub so I donāt know what heās buying. I thought you were a paying subscriber?
Maybe some on this list? Not sure.
3 days ago I said panic is a long way off. I was wrong, it is here now and not just in the stock market. There is panic world wide. And it is basically over a new version of the flu. I talked to a doctor today about it. Chances are the mortality rate will be similar to the flu. But the economic damage from fear could be devastating.
Too much blood on stock market !!!
BUY BUY BUY
Jim Cramer says BUY.
I see super buy status, exactly like Dec 24, 2018 when stocks at lowest season.
But thinking whether it is DCB, scared to loose my YTD gain now.
Virus escalated to world leaders.
Disney resorts are closed (in japan, HKG and China )
Japan closes all schools.
Many conferences/openshows are being cancelled.
Cruise are being cancelled
Companies in USA, canceling business trips and marketing many Asia countries.
Companies asking people to stay at home 14 days if any flu symptoms
Entire oil industry is already broke in-spite of reduced OPEC supply.
Worldwide tourism is stand still.
I do not wonder if Japan blocks/postpones Olympics this year ! If there is no cure medicine in 3 months, it will result closure of Olympics !
With all these, recessionary phase is growing, Jim Cramer says āBUY BUY BUYā, his only reason is marketing his products to scared investors as if telling
āHi, scared retail investors, come to me, I will get you growthā
He is marketing now
Isnāt stock market always bottom when all the fundamentals are extremely bad, as in canāt be any worse. And of course, investors are extremely scare as in ādonāt ever want to buy stocks againā.
Biggest companies AAPL & MSFT telling unspecified revenue impact !
Amazon, Walmart, Costco, target has not told yet ā all of the supply chain from China - production standstill with 84000+ Caronovirus cases, factories can not have workers as it spreads .
Virus escalated to world leaders
Disney resorts are closed (in japan, HKG and China )
Japan closes all schools.
Many conferences/openshows are being cancelled.
Cruise are being cancelled
Companies in USA, canceling business trips and marketing many Asia countries.
Companies asking people to stay at home 14 days if any flu symptoms
Entire oil industry is already broke in-spite of reduced OPEC supply.
Worldwide tourism is stand still.
Where is the growth, all companies revenues & profits are getting impacted.
Mass lay offs will start soon.
What will change the situation?
Clear identification of Virus and cure medication to resume the world workers.
I think fear will increase until thereās some sort of containment of coronavirus. As long as each day has a headline of a new country with an outbreak, people are going to stay scared.
Media is fanning the fear. Everybody is monkey see, monkey do. HKers stockpiled up toilet paper and even armed robbed shops for toilet papers. Singaporeans start stocking up toilet papers. SV guys start stocking up toilet papers. So far, Austinites didnāt stock up toilet papers, only face masks.
So many green in my watch list now.
AMD, AYX, MU, NVDA, OKTA, SHOP, PANW, SMAR, SQ, UI, TTD.
Thatās what the media does. They have to sensationalize everything to sell. Whoās going to buy/read a truthful headline about a new flu variant thatāll have less impact than the common flu?
More than 2/3 green. Now shall we, bow to Jim Cramer?
Comparison to 911 is right on.
I expect more negative headlines. Although WHO has raised the alert to the highest level. Iām not sure how much worse that can get.
Personally, I donāt see a reason to be a hero and buy today ahead of the weekend. Thatās 2 days of potential negative headlines while the markets are closed. Monday would be the day to buy.
Conventional wisdom. Is why Jim Cramer declaration is shockingly bold. @Jil doesnāt appreciate it.
Jim didnāt choose the safe play. Have to salute him. He dare to declare and not mousy like WB. I admire brave people even if they turn out to be wrong. How many here dare to declare before it happens? Many afraid that they would eat straws in the public, prefer to announce after it turns out to be true and successful. Otherwise keep mum and nobody know.
FWIW against my better instincts I bought with 1/3rd of my cash on wed. I was originally going to wait till friday. oh well⦠might buy a little more today and just DCA till I run out of money. Lol