Cramer's Morning Take: “Negative” market & Apple 9/8/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 8 September 2023
⏱️ 4 minutes
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| 0:00.0 | I'm Jim Kramer and you're about to hear a sample taken directly from today's |
| 0:06.5 | CBC Investing Club morning meeting. |
| 0:10.1 | You can talk yourself into a negative market. |
| 0:12.5 | Now we've been, the market's been horrendous. |
| 0:15.3 | For the last few days. |
| 0:16.3 | Yeah, but I do think as we come down, I'm seeing bargains. |
| 0:20.5 | I'm seeing things and I'm not necessarily things, and I'm not necessarily Apple, |
| 0:21.6 | but I'm just talking about the notion of things aren't falling apart, |
| 0:25.6 | but stocks are. |
| 0:27.6 | And I like, I mean, look, if Apple does well, |
| 0:31.6 | or if there's no real problem, buy Brockup. |
| 0:34.6 | You know what I mean? |
| 0:35.6 | I'm saying that there are buys being created by this |
| 0:38.5 | decline. That's all I'm saying. And I think the stabilization in Apple today is key to the market |
| 0:43.4 | today given how big it is of awaiting in the S&P 500. So good to see that. Treasury yields are a little bit |
| 0:51.1 | lower today and that certainly helps as well. I think Apple's worth going into maybe more. Four and a half has been my view. We gotta be a four and a half, but oil's gotta go down. Now I do want common oil because we don't want the new story be the consumer. Well, it's inflationary. Right. And Croger talked about this morning, though Kroger people turned, the stock turned around. They're decent numbers. Look, I think anything that says inflationary means two more hikes. And two more hikes mean you're starting to flirt with six. If you go back to the right before the Great Recession, this is where you are. One of the things I learned a long time ago, Jeff. Yeah. You can't keep selling on the same thing. So you come in today and you say, |
| 1:27.8 | well, hold it. I've been selling Apple, all right? Well, wait a second, Apple's not up. Well, I'll just keep selling it. Because there's a momentum to sell it. So I don't want anyone to look at the market right now and say, this is how, you know, this is what it's going to be like doing or 2 o'clock. |
| 1:41.5 | But I just think that there's lots of people who want to get out. |
| 1:44.4 | Well, there's a shoot first, ask questions later aspect to as well. |
| 1:47.4 | And let's put up Apple. be like doing her two o'clock. But I just think that there's lots of people who want to get out. |
| 1:44.5 | Well, there's a shoot first, ask questions later aspect to as well. And let's put up Apple. |
| 1:48.3 | So it was down 6% over the last two days, again, up today. You have Morgan Stanley trying to estimate |
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