Governo avança com privatização de 49,9% da TAP

[Visitante]

Mais um Bull para os States.

Bons negócios.

[Ulisses Pereira]

"Jump on Bargains This Morning"

By James J. Cramer
RealMoney Columnist
3/15/2004 8:18 AM EST



"Unless you think we are going to elect a Socialist, too, I don't believe that selling stocks makes much sense here. Sell them there, not here. Sell them in Europe, not America. As far as I am concerned, U.S. equities just got more attractive, not less attractive after the Spanish vote.

Of course, that's not how the futures look at it. But that's nothing exceptional. The futures haven't been signaling the true direction or the depth of that direction for many years. They seem like they're just something for the media to talk about.


All that said, the election results in Spain are a stunning reversal, one of those wake-up calls about how skin-deep capitalism really is over there. Right now, do you want to buy a Spanish bank or a Spanish telephone company, knowing that the reason those stocks ran so much was that they were competitive -- in that they would fire people when they had to be fired, just like in the U.S.? I don't think so.

I don't know if the market will stay down long enough to be able to pick up bargains that we couldn't snare Friday. How long does it take to realize that we don't have a Socialist on the ballot come November?

But then again, maybe the market's not that smart. It'll probably take until 10:30 a.m. ET. "

(in www.realmoney.com)