Cramer's First Hour -- Part 2 -- Dow Surges 1300 Points -- November 6, 2024

Locator: 48721CRAMER.

Dow Surges 1300 Points!!

Pre-market:

Reminder: The View, today, 10:00 - 11:00 a.m. on ABC. 

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Incredibly "smooth" election. Did anyone expect things to be settled before daylight the day following the election? The records set by Trump overnight are simply amazing. Historians will be writing about this election for years to come.

BRK-B: up $16 / share. Why? Banks.

CAT: up $27 / share. Literally overnight hits a 52-week high. This is amazing.

UNP: up $11 / share. Again, trending toward a 52-week high.

Cathie Wood: the big winner today.

A new day in America. More tax cuts. Less regulation. More spending. The Fed will cut 25 points tomorrow and then pause for the rest of the year. Trump's tax cuts from four years ago will be extended. IRA ("green energy") will be modified. CHIPs will be in play. Increased tariffs on China, Mexico. Trump is not happy that Mexico has not "paid" for southern border surge. He will sort that out. 

IRA ("green energy"):

What will replace "green energy"? Three guesses and the first two don't count:

Washington: Dems will have "zero" power in Washington next year. Political analyst at CNBC, at 9:30 a.m., October 6, 2024.

A dream bookshelf:

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The Book Page

Alan Hollinhghurst's Lost England, Charles McGrath, from The Atlantic, November, 2024, p. 80. In his new novel, te present isn't much better than the past -- and it's a lot less sexy. Alan Hollinghurst, wiki.

The article begins, "Henry James is Alan Hollinghurst's favorite writer, and in his native England, Hollinghurst, now 70, has over the years acquired a bit of Jamesian eminence himself ... his first novel in 1988 ... [new novel] Our Evenings for much of its nearly 500 pages is an old-fashioned coming-of-age story, lingering, in Hollinghurst's impeccable prose, at all the traditional tropes: seaside holidays, public school, Oxford exams, punting on the Cherwell, the first stirrings fo gay sexual desire, an unrequited cruse on a straight classmate."

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Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
  
• If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.