Wall Street fecha semana em alta. S&P 500 e Nasdaq atingem recorde

[Ulisses Pereira]

O homem anda com a mão quente... há que o ir lendo! Ainda ontem falava que as puxadas agora eram sempre no penúltimo dia do trimestre, pois no último dia estava tudo de olho neles...

Ulisses

"Market Enters Pessimism Phase"

By James J. Cramer
09/30/2003 11:09 AM EDT


"The president's in trouble. No kidding. Consumer confidence is down. No kidding. The economy's not generating a lot of jobs. No kidding. The apologists for the president now are going to great lengths to come up with indicators that look good. No kidding.

Tell me something I don't know.


Understand that I believe we will not get job growth until we see bigger profits than we have had. We just finished laying people off; you don't get a hiring wave right after that. What was the point of laying them off if you are back to hiring? Makes you look stupid.

That profit growth will start with the quarter about to be reported. We will see job growth in March.

In the meantime, the tax cuts will tide us over and interest rates, remaining low, will keep the housing boom alive. (Although rates are so low that now you have a 7% capital/10% capital gain if you bought the 10-year when it was bobbing and weaving, trying to stay off the canvas.)

That's right, no time to panic.

But remember what I said would happen here: People would begin to question the recovery. Stocks would go down. And down. And down. Until pessimism increased and bulls were scarce and the oscillator hit minus five. During the second or third week of October.

We are still on track for that. It just doesn't feel that way. Steel yourself if you have done your selling and are waiting to buy.

Steel yourself.

If you haven't done your selling, I can't help you. We are almost at the point of no return where you can't sell them and you can't buy them with any conviction. "

(in www.realmoney.com)