I'm Jim Kramer and you're about to hear a sample taken directly from today's

CBC Investing Club morning meeting.

You had Larry Fink, CEO of BlackRock, he was saying at a panel that this morning in

Saudi Arabia, he thinks there'll be at least 25 basis points cuts before the end of the year.

But just due to this greater embedded inflation

in the world, interest rates may not go as low as what people are forecasting, which certainly

makes a lot of those, you know, stocks that need lower rates struggle, especially because there's

a lag effect too, right, between when the Fed cuts and when you actually see the benefit. But why

don't we talk about Stanley? Organic revenue down- Well, I was very disappointed. I was very

disappointed in the market's reaction to it because what the market is saying is, Jim, you are too

bullish. You get your stock up here. You don't take anything along. This is conviction.

Conviction is you can never be substituted in a treacherous market for discipline.

Because now we're in an indefensible position.

We can't buy it here because it's not down enough from where we sold some stock, which was 95.

So now we're in limbo.

And in limbo is not a position of strength.

It's a position of weak. So you wouldn't buy it down, down 11.5?

It's too close. Okay.

But we can't. We're frozen. Would I buy some that we sold back at 95?

It's that's a Pyrrhic victory. Maybe because it yields 3.5 and therefore it's a competitive situation.

Should it be down this much? That's a stupid question, Jim. That's the kind of question you asked in 1979, your mother.

The fact is it's down. And it's down because people are not going to forgive a company that doesn't make the revenues.

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