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MensagemEnviado: 12/2/2004 14:52
por Pata-Hari
E por falar em election year, as estatisticas não dizem todas que a bolsa sobe em election year? quem tem números?

Cramer: "This Market's What Dreams Are Made Of"

MensagemEnviado: 12/2/2004 14:29
por Ulisses Pereira
"This Market's What Dreams Are Made Of"

By James J. Cramer
RealMoney Columnist
2/12/2004 8:14 AM EST


"We are in a "pinch yourself" moment. Our mothers would say, "If you keep playing like this, someone's going to get hurt."

But there is no doubt about it: When bonds go up, gold goes up, commodities go up, oil stocks go up, financials go up and consumer staples go up, you've got one heck of a market.


All of this isn't supposed happen at once. It's kind of like a rainbow moment, one where it's raining and sunny at the same time. I know the temptation is to say, "Wow, I can buy anything and make money," but I think we have to step back for a moment and realize why all of this good stuff is happening.


The Federal Reserve is committed to keeping rates low until we see job growth. With no job growth, you get a benign Fed. As always, a benign Fed is that wind at your back when you're sailing.

There is so much money around I can't believe it. There are pools and pools of money looking for a home, and there is no home to speak of in fixed-income land.

Election years mean big spending.

Japan and China keep recycling our dollars into our worst investments, doing us the favor of a lifetime.

Earnings estimates are still too low because business is excellent and companies still won't share the wealth with workers -- they won't hire quickly enough to upset the Fed.

Mergers, even hostile mergers, are back because people trust the accounting again!
All of these are good points. You can show them to your mother when she says someone's about to get hurt.

Play on. "

(in www.realmoney.com)