José Luís Carneiro considerado o melhor líder para o PS

[Ulisses Pereira]

"Declines Put Us Back on the Right Track"

By James J. Cramer
06/23/2003 11:46 AM EDT


"Sweet decline. Kind of painless. If you want out, you can get out. If you want in, you can almost find some bargains. Almost, because I think we can still go lower. I felt that Dow 9300 was too much too fast. Dow 8800, well, that I can live with.

Throughout this period, I have been wishing for declines because declines put us back on the 1991 roadmap, where we have a gradual recovery in prices after an initial powerful spurt.


But 1998, on the other hand, is just a "to the moon" romp, where anyone who sells looks like a moron and anyone who buys overvalued stocks looks like a genius ... until we see March 2000 again.

It is difficult to understand today's process. Some of the most overvalued stocks are ramping, some of the most undervalued stocks are faltering. That seems like genuine quarter-end markup to me. If that's the case, I suspect that the winners could sell off before the end of the quarter because mutual funds know, since the Ron Barron investigation, that the feds no longer are going to tolerate aggressive buying to boost performance.

That's good, too! "

(in www.realmoney.com)