Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club

morning meeting.

Look, I'm not justifying my homework as being the reason why you'd be an Apple.

I'm justifying as a reason why you wouldn't be a seller of Apple.

And that, the virtue of, and this very complicated piece, it was more than 2,000 words,

the virtue of what happened with Apple and us, Amazon and us, Alphabet, meta, is that

we weren't shaken out.

So therefore, we were able to take advantage of the fact that when the bond market moved,

we moved with it.

We made a lot of money. Jeff, I competed at the end to the NFL where, I mean, the Eagles are 8.1.

We've had a series of ugly wins, but there wins. Like, does it really matter that we were in this,

that we were in for the bomb market, when the bar market moved? That's all that matter.

All that matter was that we didn't react to that first move in Amazon, which was down.

Right.

People sold it because it was AWS stabilizing, not re-accelerating.

Cloud growth was weak in alphabet, even though ad was very strong.

Apple's outlook, all right, okay, sure, maybe it was a little light. Meta Q4 guide,

a little wide range, plus in spending. What we're trying to say is homework matters,

because homework is why you are able to be, for the long term, in this stock. And in Vividia,

which last year was 150. Yeah. So what we're trying, what I'm trying to say is you don't, it isn't like, I mean, my wife was saying, Jim, why are you working so hard? I mean, isn't the thought of the piece that it doesn't matter that, you know, that all microeconomics is wrong? And I said, look, I think it matters because I would have been shaken out had I not thought that Apple really did have a good quarter versus what the consensus said.

Yeah, and I think it all goes back to your, you know, own it, don't trade it line in Apple.

I mean, you might be able to extend that to other stocks.

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