Jim Cramer opened with one of his longer openers on "what it takes for the next rally. It wasn't much of a rant at Jim Cramer rants go, but it wasn't bad. Jim Cramer is very, very negative about the "September market." He perpetuates the theme that September is a "bad month" for investors. I beg to differ: when wouldn't investors like buying opportunities. It may be different for traders.
Jim provided a list of fifteen items he felt were needed for the next leg up in the US equity markets.
Jim Cramer -- ingredients to make a rally (my comments in parentheses):
- good employment numbers (at 5.2% unemployment we're pretty near full employment)
- moderate inflation (historically it's near the norm, it seems; it only seems high because of several years of really, really low inflation)
- chip shortage relief
- easing supply chain
- improved port conditions (why is there such a backlog at the ports; has anyone asked that question?)
- earnings reports that reflect supply meeting demand
- stabilization of input cost hikes
- open schools: frees up parents to go back to work; closed schools contribute to labor shortage
- decreased hospitalizations
- increased air passengers (not gonna happen in the near term; folks are betting too much on increased air traffic)
- improved hotel occupancy (this seems odd to be on this list)
- rising rates due to more economic activity, not inflation
- slowdown in underwritings
- more buybacks: buy up excess shares
- Washington and Beijing need to get off the radar screen (not going to happen)
Cramer had long interview with CEO of CVX. I'm disappointed in CVX although I don't quite understand why.
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A Covid-19 Story
Ivermectin.
I don't have a dog in this fight. I just find it incredibly interesting. Just like the Bakken: when I first started blogging about the Bakken, I had no dog in that fight, no personal financial interest in the Bakken; it was simply an interesting story about which I was trying to figure out.
Same with Ivermectin.
This link takes you to a story posted by a woman with personal experience with Covid-10. The writer is a designer and makes her living via Instagram, according to the individual who sent me the link.
According to the reader, the woman who posted this story set up a separate Instagram account to share her story so they wouldn't take her account down and end her family's income stream. The reader says this will be interesting from a censorship perspective. I agree.
Hospital "Protocol" is killing patients as much as actual diseases. Started with HMO's taking over private practices. The "convenience" of one-stop shopping for Doc's and clinics has lead us here.
ReplyDeleteInsurance/ Govt programs guide the DR's. Rarely do they think on their own.
There's a lot of truth to that; physicians lost their independence about twenty years ago. Turned over the management of their practices to big corporations.
Delete