Cramer- "This Is Not the Season for Skepticism"
Enviado: 1/12/2003 14:08"This Is Not the Season for Skepticism"
By James J. Cramer
12/01/2003 07:54 AM EST
"It's hard for a bull to dislike a day when you wake up and find out that the Wilbur Ross Protection Act might be repealed, that Black Friday was better than expected and that Disney's (DIS:NYSE - commentary - research) Michael Eisner is on the hot seat.
Yep, all of that good news on this, the first day of the month, says the Dow's winning streak may continue.
Of course, some macro data are expected, but I think that will go well, too. We're in the seasonally strong period where, if you bet against a stock, you'd better know something that's truly poisonous; otherwise, I think the news will be subject to a positive interpretation. I particularly like the battered smaller-caps on a bet that tax-loss selling is done, and more money will be going toward that sector.
How can things be so positive? Why am I not more skeptical?
Because I've been skeptical during this period all of my trading life, and I can't remember that skepticism ever paying off. "
(in www.realmoney.com)
By James J. Cramer
12/01/2003 07:54 AM EST
"It's hard for a bull to dislike a day when you wake up and find out that the Wilbur Ross Protection Act might be repealed, that Black Friday was better than expected and that Disney's (DIS:NYSE - commentary - research) Michael Eisner is on the hot seat.
Yep, all of that good news on this, the first day of the month, says the Dow's winning streak may continue.
Of course, some macro data are expected, but I think that will go well, too. We're in the seasonally strong period where, if you bet against a stock, you'd better know something that's truly poisonous; otherwise, I think the news will be subject to a positive interpretation. I particularly like the battered smaller-caps on a bet that tax-loss selling is done, and more money will be going toward that sector.
How can things be so positive? Why am I not more skeptical?
Because I've been skeptical during this period all of my trading life, and I can't remember that skepticism ever paying off. "
(in www.realmoney.com)