Mad Money w/ Jim Cramer 11/19/24
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 20 November 2024
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | My mission is simple, to make you money. I'm here to level the playing field for all investors. |
| 0:08.3 | There's always a homework somewhere, and I promise to help you find it. Man Money starts now. |
| 0:16.9 | Hey, I'm Kramer. Welcome to Man Money. Welcome to Kramer. |
| 0:20.5 | Other people make friends. I'm just trying to make you a little money. |
| 0:23.7 | My job, not just to entertain, but to educate. |
| 0:26.0 | I've got to put this all perspective because it's that crazy right now. |
| 0:28.6 | So call me 1-800-743 CBC. |
| 0:30.7 | Can we meet Jim Kramer? |
| 0:31.9 | Look, no one wants to say, hey, the market's down because Vladimir Putin might defend himself with nuclear weapons now that Ukraine's firing long-range missiles to Russia. |
| 0:39.6 | But let's do some buy-line. |
| 0:41.7 | If something dreadful happens, though you might look like a genius for two seconds today, |
| 0:45.3 | until we all start worrying about the prospect of World War III and total nuclear annihilation. |
| 0:52.6 | But if you make that warning and nothing happens, well, you know what? |
| 0:58.0 | At least for the moment, you get what happened today. |
| 1:00.2 | With the Dow dipping 121 points, it doesn't be advancing 0.4%. |
| 1:03.3 | And the NASDAQ getting 1.04% as traders shorted the market in the morning, |
| 1:08.4 | betting on Putin following through with his nuclear threat, but then it ended up covering or buying back for shorts when nothing happened. Explosion. |
| 1:15.7 | When you get something as worrisome as nuclear threat, investors turn cautious, and what do |
| 1:21.0 | they do? They buy treasuries, U.S. government paper. It's known as a flight to quality. |
| 1:25.7 | We've had a bad bond market of labor with rates going up, and this Russian new concern changed the direction of bonds as these flight to quality |
| 1:32.2 | buyers drove bonds up and interest rates lower. The fast traders out there know that when long |
| 1:37.7 | rates go up, what do you do? You're supposed to buy tech. You know, it doesn't even matter if |
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