When the market comes down consider buying on weakness, says Jim Cramer

Video Statistics and Information

Video
Captions Word Cloud
Reddit Comments
Captions
>>> MY MISSION IS SIMPLE, TO MAKE YOU MONEY. I AM HERE TO LEVEL THE PLAYING FIELD FOR ALL INVESTORS. I PROMISE I WILL HELP YOU FIND IT. MAD MONEY STARTS RIGHT NOW. HI, I AM CRAMER. I'M NOT TRYING TO MAKE FRIENDS, I'M TRYING TO MAKE MONEY. SIR, YOU CANNOT ALWAYS GET WHAT YOU WANT. SOMETIMES, YOU GET WHAT YOU NEED. WHEN YOU ARE DOING WELL IN THE ECONOMY, YOU MEET THOSE WHO REALIZE IT. WE ARE SO BUSY BEING IN THE NEGATIVES, ENCLOSING THE SURPRISE PUMP THAT WE HAD ON FRIDAY, WE CANNOT SEE THE POSITIVES THAT ARE AROUND US. MAYBE IT IS TIME TONIGHT FOR A LITTLE REFRESHER COURSE ON WHAT WE ACTUALLY WANT TO SEE FROM THE ECONOMY. THAT JUST DOES NOT JIVE WITH THE FACTS. WE HAVE WHAT WE WANT FOR STOCKS TO GO HIGHER. WE HAVE WHAT WE NEED, PEOPLE SEEM TO NOT REALIZE. THERE IS A HISTORIC GOAL FOR STOCK PRICES. THAT IS THE IDEAL KIND OF ECONOMY FOR THE STOCK MARKET. YOU KNOW WHAT, WE ARE THERE. LET'S START WITH THIS UNEMPLOYMENT REPORT. IT IS EXPLOSIVE. THE UNEMPLOYMENT RATE IS ALREADY 3.5%. IF WE WANT TO CREATE MORE BAD NEWS FOR THE MARKET. THAT IS JUST CRAZY DOWN, PEOPLE. CRAZY TOWN. THIS IS EXACTLY THE ASSEMBLY WE'VE BEEN WAITING FOR. BODICE JOB GROWTH WITH INFLATION. THAT IS WHAT CAUSES THE JOB MARKET TO GO HIGHER. WE WANT AN ECONOMY THAT CAN GROW. WE HAVE. WHY DO WE HAVE ANY REASON TO SELL. IT ACTUALLY MEANS THAT PEOPLE ARE RETHINKING THIS DIRE ACTIVITY. THEY ARE GOING TO RECOGNIZE THAT IF UNEMPLOYMENT IS BELOW 4%, THAT IS STILL TERRIBLE TIMES FOR HEAVEN SAKE. THAT IS A TERRIFIC TIME TO INVEST. THIS IS THE KIND OF BUYING ACTIVITY WE GET. THE PRODUCT, IT WAS A THING OF BEAUTY. SECOND, THEY DO NOT WANT TO SELL STOCKS OF INTEREST RATES ARE GOING UP. THAT IS A GIVEN. WE HAVE INVESTORS THAT BOUGHT THE BONDS I REALLY BAD PRICES. IT IS LONGER-TERM INTEREST RATES THAT ARE TOO LOW. WE ARE NOT GOING TO HAVE A RECESSION, I'VE BEEN SAYING THAT. THAT WILL JUSTIFY THE LOW RATES. IT IS NOT LANDING AT ALL. GOOD ATTITUDE. LOTS OF JOB OPPORTUNITIES WITH RUNAWAY INFLATION. THEY DO NOT WANT TO CRASH OR LAND. A LOT OF TIMES IT IS HARD VERSUS SOFT. THEY ARE LOSING THEIR SHIRTS. YOU KNOW WHY, THEY SHOULD BE LOSING THEIR SHIRTS. THEY THOUGHT THE ECONOMY WOULD CRASH. THAT HAPPENED, THEY PLACED IT, THEY LOST. THEY GET A LOT OF AIRTIME AND THEY LOVE TO COMPLAIN. THEY ALWAYS COMPLAIN THAT THE MARKET IS WRONG. THE STOCK MARKET WAS RIGHT TODAY. WHY DO WE NEVER LOOK AROUND AND SEE HOW OTHER COUNTRIES ARE DOING. WE LEARNED THAT GERMAN INDUSTRIAL PRODUCTION IS DOWN AND GERMAN WAGES KEEP GOING HIGHER. THERE IS WAGE INFLATION WITH A STAGNANT ECONOMY. THAT IS NOT THIS. CHINA, WHO KNOWS WHAT THEY HAVE GOT. BAD INFLATION AS FAR AS I'M CONCERNED. THEY HAVE ACCELERATING MANUFACTURING AFTER YEARS OF DECLINE. THEY HAVE YEARS OF MANUFACTURING BUT THEY CANNOT DO IT. A DICTATORSHIP WITH A COMMAND ECONOMY. THE FEDERAL RAISE HAS KEPT RATES VERY HIGH. WE WANT THAT. WE HAVE A LOT OF STIMULUS COMING OUR WAY. MAKING SURE THE ECONOMY DOES NOT START UP AGAIN. THE HIGHER RATES WILL KEEP INFLATION IN CHECK. MORE GROWTH, LOW INFLATION. WHY CAN'T ANYONE ADMIT IT. THESE ARE SOME OF THE CRACKS IN HOUSING THAT I AM ALREADY WORRIED ABOUT. THAT IS HUGE. SOME RENT IS GOING DOWN. HOME PRICES HAVE STOPPED GOING HIGHER. YOU CANNOT EXPECT THEM TO PLUMMET OVERNIGHT. DOUBLE DIGIT DECLINES IN HOUSING? SOME SALES GO UP, NEW AND USED VEHICLES. DO WE WANT TO LOWER CAR PRICES, LOWER HOME PRICES. YOU SHOULD BE INCREDIBLY HAPPY HERE. IT IS WHAT THE FED WANTS. THEY WILL NEVER TELL YOU THAT. FIVE MONTHS AGO, WE WERE WORRIED THE BANK SYSTEM WOULD COLLAPSE. THOUSANDS OF BANKS WOULD FAIL. A FEW OTHERS CAME CLOSE. THERE IS A BIG DIFFERENCE BETWEEN HANDFULS AND THOUSANDS. WHERE ARE THEY? THAT IS IT. OKAY. J&J IS UP THREE TODAY. I SAW THEM BECAUSE I WAS WORRIED ABOUT THE LOSSES. THESE PEOPLE NEVER ADMIT THEY ARE WRONG. WHAT IS THE SELF-ESTEEM? I'M CONFUSED ABOUT THEM. THE REGIONALS ARE GOOD BUYS STILL. I'M TRYING TO BE NICE. I JUST DEAL WITH ALL THESE PEOPLE, I AM NOT CALLING THEM LIARS. THEY JUST DO NOT HAVE THE ABILITY TO SAY THEY ARE WRONG BECAUSE THEY THINK SOMEONE WILL TAKE THEIR MONEY AWAY. I DO NOT CARE. COMPANIES WILL USE ARTIFICIAL INTELLIGENCE TO GET BETTER AT WHAT THEY DO. THIS WILL NOT HAPPEN YET. WE WILL START SEEING HUMANS REPLACED WITH AI. THAT WILL BE TERRIBLE TO THE MODERATE LEVELS OF UNEMPLOYMENT. WE HAVE A LABOR SHORTAGE IN THIS COUNTRY. A SURPLUS OF PEOPLE MIGHT BE WHAT WE NEED. IT MEANS SAVING MONEY BUT WE HAVE OTHER PEOPLE TO DO OTHER JOBS. I JUST THINK THAT THE PROBLEM IS WE ARE GETTING WHAT IS WALL STREET ALWAYS WANTED. WHEN THE RATE CUT FINALLY START WHICH I DO NOT EXPECT TO HAPPEN, WE WILL HAVE THE AND VOTED CURVE AND SO ALL THE PEOPLE WHO SOLD STOCKS WILL BE EASIER TO BUY THOSE STOCKS. AND YOU CAN BE A SELLER THEN. THAT IS WHAT HAPPENS WITH THIS PRODUCT. I'M SURE IT WILL HAPPEN AGAIN. THIS IS GOOD DESPITE THE FACT THAT THINGS ARE GOOD. REVENUE WAS FINE. EARNINGS WERE GREAT. I DON'T KNOW WHAT MORE YOU CAN ASK FOR. YES, THERE WILL ALWAYS BE A SURVEY THAT SHOWS HOW TERRIBLE THINGS ARE AND HOW MANY BAD THINGS ARE HAVE. HERE IS THE BOTTOM LINE, GOOD ECONOMY, GOOD SET UP. NOT TODAY. WE HAVE TO ADMIT THAT THE ECONOMY WAS BETTER THAN ANYONE IMAGINED A LITTLE WHILE AGO. TODAY THERE IS ENOUGH NEGATIVITY AROUND THAT. YOU WILL HAVE A BETTER CHANCE AT BETTER PRICES. WAYNE. WHAT'S HAPPENING? >> WHAT IS THE FUTURE OF REGULATED ELECTRIC UTILITIES? >> SOMEBODY ASKED ME ABOUT THAT AND HERE IS THE PROBLEM, WE HAVE A COMPANY THAT YIELDS 7%. SAME KIND OF CASH FLOW. YOU CAN MAKE UP YOUR OWN MIND. CHRIS IN CALIFORNIA. CHRIS? HEY, CRAMER. >> CHRIS, WHAT IS HAPPENING? >> NOT VERY MUCH. I APPRECIATE ALL OF THE WORK THAT YOU AND YOUR TEAM DID. >> JEFF DOES A FANTASTIC JOB. IT OPERATES MORE LIKE A MUTUAL FUND. NOW BLACKROCK, WHAT IS THAT DOING, THAT IS ONE OF A STOCK. I HAVE BEEN PUTTING IT IN THE BULLPEN. IT IS SO GOOD. THAT COMPANY HAS GREAT TECHNOLOGY TOO. LOOK AT THAT BOARD OF DIRECTORS. AMERICA. AMERICA. MAURY, THERE IT IS AGAIN, MORI IN MASSACHUSETTS. >> NICE TO SPEAK WITH YOU. >> I BOUGHT MODERNA DURING THE PANDEMIC. I CHOSE MODERNA. APPARENTLY I CHOSE ONE OF THE RIGHT ONES AT THE TIME. TO I KNOW IT HAS NOT BEEN GOOD WITH WHAT WE WANT. IT HAS THE THINGS LIKE ZOOM OR WALGREENS OR CVS. IT IS BIGGER THAN THAT. TELL US ABOUT ALL THE GREAT THINGS YOU ARE DOING. I'M SORRY ABOUT THE ACCIDENT. BUT EVERYONE SOUNDED JUST LIKE ME. IT WAS SO COOL. DESPITE WHAT YOU ARE HEARING OUT THERE, WE DO HAVE ALL THOSE DIFFERENT THINGS. WE ARE TESTING THE MARKET AHEAD. LAST WEEK WAS ONE HELL OF A WEEK. COMING UP TONIGHT, CAMPBELL'S SOUP WITH THE FAMOUS RAO'S LAUNCH. I LOVE RAILS. I AM LEARNING MORE ABOUT THE ACQUISITION. I HAVE THE INTERVIEW. THE ACQUISITION OF OLD WAGON WILL BECOME A WORLD POWER. I AM GETTING INFORMATION FROM THE COMPANY TOP BRASS. I KNOW I LIKED IT ON PAPER ALREADY. STAY WITH CRAMER. >>> DO NOT MISS A SECOND OF MAD MONEY. FOLLOW JIM CRAMER ON TWITTER. HASHTAG MAD TWEETS. SEND EMAILS TO MAD MONEY OR GIVE US A CALL
Info
Channel: CNBC Television
Views: 29,270
Rating: undefined out of 5
Keywords: CNBC, Mad Money, invest, investing, stock market, jim cramer, cramer, kramer, wall street, lightning round, investment strategy, retirement
Id: 16SUWTGsDGI
Channel Id: undefined
Length: 13min 53sec (833 seconds)
Published: Mon Aug 07 2023
Related Videos
Note
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.