Jim Kramer here to share with you a sample of my take on the market from today's

CMEC Investing Club warning meeting.

I talked yesterday about a whoosh.

You have to have a whoosh.

And I thought at 10 after 10 last night, we were going to get it because the S&P was down

ridiculous, and down point out. And we didn't. And so until we get the whoosh, we're going to get keeping, you know, get the open.

Everybody gets insanely bullish. No, you can be up excited about individual stocks that have been hammered.

But this essence of thinking that we've bottomed

has been at the heart of why we had worse week this year.

What's the psychology behind that, right? Why buy into that ugly open versus an up

open, which can be, as we've seen, more dangerous to the Bulls?

Yeah, well, we have a lot of people who came in since October.

It's always the case.

And they think, wow, I can go buy a stock because things aren't as bad as I thought thinks.

Well, that's uninformed trading, and I'm looking for informed investing.

I can buy Procter & Gamble because it's a dividend aristocrat where the costs

have gone down, but they didn't have to cut the price. So, I mean, we saw that same thing

with General Mills. We saw it with Connager. And so what I say is, oh, there's something I can

buy even though it is flat for the week. Right. So let's pull up Proctor again. Down 1% today off it, even though it was a nice earnings beat those sales miss. Pointed out Proctor was up Monday, Tuesday, Wednesday, Thursday. More of this defensive trade as the market was following. So maybe it's just a little bit of a give back. He's given that today. But the quarter was solid, I thought.

The call was upbeat, talking about volumes flat.

That's an improvement from down one last quarter, so sequential progress.

And really, they're doing it without the help of anything from China.

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