In Thursday’s stock market breakdown, Jim Cramer and Katherine Ross talk the Fed, tech stocks, Lordstown Motors, bitcoin and more. The audio improves shortly into today’s show.
Topics:
0:00 – WHAT JIM CRAMER IS WATCHING IN MARKETS THURSDAY
1:46 – TECH SELLOFF CONTINUES – CRAMER’S HOMEWORK
4:13 – FED, BONDS, POWELL: TIME TO PUT ON YOUR BLINDERS?
7:30 – CAN SHOPIFY KEEP SOARING HIGHER?
12:30 – WILLIAMS-SONOMA: BUY, SELL OR HOLD?
15:02 – LORDSTOWN MOTORS: CRAMER’S TAKE
18:36 – WHERE DOES BITCOIN GO FROM HERE?
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Good morning
I watch a lot of YouTube videos and see a lot of traders earning massively and then I start to wonder what I could possibly be doing wrong because I’ve been trading for a couple of months and every trading attempt seems to be red, never have I seen a green day. It is really frustrating seeing loses without any profit. So, I decided to work a bit more on myself and then opened a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
He always said they were non binding
Bonds at best can meet inflation. If you actually want good returns you buy growth companies in corrections, if you want decent returns with stability then buy a general market ETF like the S&P or pretty much any dividend fund. Set a price alert that would inform you of a significant drop and buy more. If you don't need the cash right now it's no problem because interest always returns to growth stocks because it's the only place to make good returns.
Guys…. your microphone are super harsh. Spend 100 bucks and get some decent mics please.
your kinda late there jim, Also its easy when you have millions to diversify buy buy buy
Please fix the audio. Quality is bad and also unbalanced between Katherine and Jim.
You guys all use the word "serious" like 100 times in every video. Like reading off a script. 😉
This crash in $RIDE stock & the pain the shareholders are feeling is due to only ONE thing, and that is Hindenburg s attack. Yes, attack. They target start up companies that are actually building something. They know the start up phase is when companies are most vulnerable. And they attack knowing that it will spook investors. Everybody know that if they didn’t short $RIDE & then write that hit piece, then $RIDE’s stock price would have done just fine. They weren’t trying to protect shareholders. They were doing it to make a buck off of pain & fear. The stock crashed because of them! Hindenburg is 5 scumbags in an office. Lordstown Motors employs 700+ people and is on track to build the first EV pickup. Hindenburg builds NOTHING. They are everything that is wrong with wall street. They are the ones who should be investigated & sued. They are the ones who caused it to crash. The shareholders were doing just fine. I hope when Steve Burns & Lordstown Motors are vindicated that they sue Hindenburg.
Jim your interview with lordstown said right at the bottom of the screen non binding orders that means to me until money changes hands nothing is set in stone. When i buy new machines i sign orders but i always have a out if things go wrong i'm sure these ceo's have done the same doesn't mean there not going to buy. when you had non binding orders on your program i knew what was meant not sure as to why you didn't also
That’s right you old timers better get scared..it’s a different world now!
I have about 5% of my portfolio in uranium stock any advice on any other stock that I can
grow my $300k capital to a million dollars?
HAHAHAHA TOLD YOU ALL, Market is Done!!! TZA all the way!!!
Jim, I watched your interview with Lordstown and you and the CEO said the orders are a non-binding agreement. Non-binding IS a weak commitment when no money is being put down. You seem to like the Ford F-150 electric but it is years away and around $70K. My question is, what do you think of Lordstown Motors moving forwards? Do you think it would be a good long term buy?
Jim a lot of young people are now getting all three stimulus at once. I’ve been working everyday since August and putting $500 a month into my favorite stocks. I didn’t initially qualify for the first two stimulus but when I filed my taxes I was then told I was eligible and would receive roughly $2,000 back from my taxes, plus the additional $1,400 that just came out. I know at least 15-20 people in my small town who are young and doing the same exact thing. First thing I’m doing is paying off my credit card then the rest goes into my retirement account!
Only for rich people. Not your keys not your coins
FED is not raising rates, FED selling bonds with higher yeild makes bonds more attractive you hit on the head, Add the fact that hedge funds shorting equities in massive numbers and you have a bear market in the nasdaq and the Russel. Can you say buy Bitcoin. Jimmy Chill you forgot to mention the democratic party tax hikes coming down the road! imagine voting for tax hikes- especially after the pandemic ??????????????
u two both sound extremely bad today!