I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club morning meeting.

When I see it this negative, I look for things to buy.

Not to sell. Maybe we'll come in, we're minus three and a half.

Maybe we come into tomorrow minus five.

I don't like to anticipate the oscillator, but I look at things and say, all right, does anybody positive at all?

Yes, Treasury yields made a big move yesterday. Oil still will change. It's not spiking. Let's look for things to buy.

And that's exactly what we're doing. We have cash. You put the cash to work. Yeah, looking for things to buy.

It's important to note today, giving back all of yesterday's

gains. Yesterday, we had a down open. You did have some buyers, maybe at least some short covering

quickly happened shortly after. So, but we're giving that all back today. Rates remained the big

focus. He had Jamie Diamond today talking about his concern about 7% rates he was on in february was six

yes so obviously i mean i would argue that's not so bad given the fact that the fed uh has moved

dramatically since then but and you know i i think we have to just accept the fact when you see

apple down amazon down alphabet down, Microsoft down, or nothing.

That's just the bond speaking.

Right.

And that's what we're up against.

And I think it's important to point out what's happening.

Why do those stocks go down when rates rise?

Well, high multiple stocks tend to get hit because the discount rate on those out-year earnings, long-duration equities, they're often called,

that comes back at a lower price, so that's why they go down.

You also see weakness in utilities, a lot of the bond equivalents, because if you can get, you know,

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