CALDEIRÃO DE BOLSA

Curiosamente, 10% em 5 dias no Nasdaq e NDX não parecem demasiado ao Cramer.

E a das truckloads é inacreditável. Aqui há 1-2 meses atrás praticamente todas as transportadoras fizeram warnings e baixaram guidance. Na altura, ninguém comentou nada. Erra irrelevante. Agora 4-6 semanas ligeiramente melhores NUMA das transportadoras já é relevante (claro, melhores face às expectativas entretanto reduzidas).

"Welcome the Pullback"

By James J. Cramer
07/09/2003 10:25 AM EDT


"Here's Tuesday's selloff, the one that would have occurred if we didn't gotten those three important deals.

I welcome it. The whole process of this bull market has been two steps forward, one step back, which gives us a chance to refuel and allows others to get in.


The funniest thing about all of this is that every time we have a pullback, it brings out so much shorting and wringing of hands and negativity that we begin refueling even before we normally would.

Part of the reason for that is the analyst community, which now thinks it makes more sense to downgrade than not in order to avoid investigations. Part of the reason for it is the sense that we moved up too fast. Part of the reason is a disbelief that things really have gotten better. (I am reminded that the Yellow CEO came on my show last night and said the last six to eight weeks have been better yet nobody believes him, even though he is basing his statement on the best empirical data this economy has to offer: truckloads!)

But most of the reason for the negativity is a sense that we are in a cyclical bull market in a secular bear market, a conundrum that makes people sell stocks before they should.

Ever since the exquisite moment, I have argued vociferously that this market is going to go higher. I recently raised my target for the Dow to 10,000. Tuesday, someone asked me what would make me bearish.

Simple: a too-quick run to Dow 10,000, without the one step back. That's my biggest worry.

That's a high-quality problem. "

(in www.realmoney.com)