Trump quer despedir responsável de estatísticas laborais dos EUA após fortes revisões em baixa

[vold]

este post não acrescenta nada! é exclusivamente para dizer que o Cramer publica grandes artigos e obrigado Ulisses por os passares para aqui!

[Ulisses Pereira]

"If You Buy the Market, Don't Look Down"

By Jim Cramer
RealMoney.com Columnist
10/31/2008 7:00 AM EDT


"It's a stubborn market. We sit here and marvel that Barclays (BCS - commentary - Cramer's Take) or Mitsubishi (MTU - commentary - Cramer's Take) need to raise money when three weeks ago we thought they were going to inherit the earth because they didn't lose money. We liked them because we stubbornly believed they were better.

We thought that Prudential (PRU - commentary - Cramer's Take) was The Rock; now it is The Rock like the guy who makes a lot of movies -- not all of them good. Lincoln National (LNC - commentary - Cramer's Take) was perceived to be much higher quality than MetLife (MET - commentary - Cramer's Take), but that's wrong. The idea that the Hartford (HIG - commentary - Cramer's Take) would be in trouble, as it has always been not in trouble, is amazing to us.

We stubbornly cling to the ones that we thought were good until we hear that they need a bailout. Then we turn on them like they were never good or like they are going to go bankrupt.

But then we figure it doesn't matter anyway because Treasury bails out everyone because of the lesson of Lehman (even though they say there was no lesson and that Lehman couldn't be saved).

And then we get even more stubborn and we say, "Let's buy the market because the pension funds are underweighted and because Warren Buffett likes it." But what does he like? McDonald's (MCD - commentary - Cramer's Take)? He sold that. Coke (KO - commentary - Cramer's Take)? Isn't he short puts for his company, so he'd better like it? And noted bear Jeremy Grantham says he likes it down 25% from here, at last. As if that is grounding. Believe me, down 25% you will want to run from this market even as right now we stubbornly cling to its positives and ignore the fact that the companies we buy don't have enough money except the out-of-favor Johnson & Johnsons (JNJ - commentary - Cramer's Take).

Some market.

Today we will be stubborn again. The new pattern is to wait until the big futures buyers come in and then join them and make good money as they buy all day, as they did every day this week.

Because we are stubborn and we know that things work out in the end and Buffett and Grantham like it and boom, it's all good.

Just don't dare look at the fundamentals of the companies you are buying, and if they are any good, like Procter (PG - commentary - Cramer's Take), sell it, because, well, they are high and not cheap, but HIG and LNC and MET and PRU are cheap, or were cheap, or whatever.

This is now the "just don't look down" market.

Can't beat it. Can't bear it.

At the time of publication, Cramer was long Johnson & Johnson and Procter & Gamble. "

(in www.realmoney.com)