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

We've been saying it's going to happen. We have been raising cash. We knew that the market was overbought.

We communicated to you that we didn't think it was right to commit new positions and new money.

And Jeff, sadly that is what happens, but we should positions and new money. And Jeff, sadly, that is what happens,

but we should all expect sell-offs after a bountiful period that started at the end of October.

Yeah, and this came up as a question last Wednesday on our monthly call. You talked about

it Wednesday night on Mad Money as well. That, you know, it's typical for the market to have you know

pullbacks of call it 5% multiple times the year now I don't know if never we had those numbers

it yeah it should happen right and I don't know if this is going to transpire into a 5%

pullback I'm just talking that it's it's plausible it happens it feels horrible as you go through them, but it can turn out to be a nice buying opportunity.

So as you pointed out, we have raised some cash. Yesterday we made some big sales, Disney Alphabet.

So we're just being a little bit patient here.

Right. I mean, I told Jeff this morning, you just give you a little caller. I said, you know what, if Best Buy comes in here,

that would be a natural for us to do. So it's not like we're just ignoring this off and looking at the bargains, not looking at bargain hunting. We are directly looking at bargains, but we also know that we've hardly been down. So it's not like this is the moment where we have to act, then we're not really oversold at all.

No, no, no, not quite.

We did move a little bit over out of, not like this is the moment where we have to act and we're not really oversold at all.

No, no, no, not quite. We did move a little bit over out of overball territory yesterday, but I think what's hitting the market here, you have pressure from rates, right? You have the

10-year yield, highest level since November, and that's when the rally really started to take off last October,

last November. And you have oil as well back to its highest level since October. So a lot of

But Qatar are not there. Qatar should be participating. I know that they pivoted away from natural gas

toward oil. C-TRA is the right stock to own here. It's not even up.

Yeah. And Pioneer's up big and Exxon's up big. This company is the one to own.

...