Mad Money w/ Jim Cramer 9/27/24
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 30 September 2024
⏱️ 44 minutes
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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. |
| 0:08.7 | There's always a loan market somewhere, and I promise to help you find it. Mad Money starts now. |
| 0:18.7 | Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer. I'm with my friends. I'm Kramer. Welcome to Mab Money. Welcome to Kramer. |
| 0:22.6 | I'm doing with my friends. I'm just trying to make a little money. My job is not just entertained with education. Teach. |
| 0:27.6 | Pull me at 1807 for 3, CnBC, and tweet me to, I'm Kramer. What can I say about this third quarter, the one we just paid, put paid to? |
| 0:35.6 | I mean, come on, it was a wacky, crazy three months |
| 0:38.5 | where the unthinkable just kept happening. Tays'A action notwithstanding Dow inching up 17 points, |
| 0:44.0 | S&P advancing 0.42%, NASDAQ gaining 0.38%. The months of July, August, September, gave us some |
| 0:50.0 | outstanding returns. The S&P 500 are lower up 5.5%. |
| 0:56.2 | Not only that. But the notorious month of September, |
| 0:58.6 | Trishly among the worst months of the year, |
| 1:01.4 | actually delivered some terrific results. |
| 1:04.4 | With the Dow climbing 767 points, |
| 1:06.9 | S&P gaining 2.02%, |
| 1:08.3 | NASDAQ jumping 2.68%. House of pleasure. Today, though, J-PAL kind of spoiled the totally bullish narrative. He said in an interview that the Fed isn't in a real hurry to cut rates. That suggests the next rate cut likely won't be a 50 basis point cut. But who knows? If the data gets worse, if we have a very weak employment number on Friday, then maybe the committee will change his mind. You know, my view, this whole parlor game of second |
| 1:31.9 | guessing is mostly a waste of time. The market was weaker throughout the day, but then got very |
| 1:35.9 | ugly when pal dropped the hold on a second bomb before rebutting into the clothes and then |
| 1:40.7 | soaring. I think the late day rally showed the market's true colors. Now, the world is regularly filled with polarizing and sad days. We know that. We can easily come up with dozens of reasons why stocks should have been down for the bulk of the session, if not the month, or even the whole quarter. In fact, the easiest tale for me to tell this evening would have been, oh, here's five reasons why the market got obliterated. |
| 2:06.2 | Got a limited to five because I don't have time to list every potential cause of a big |
| 2:09.5 | climb. That never happened. Problem is, that's bad journalism. See, when I was a cup |
| 2:16.0 | reporter for the Talsy Democrat and the L.A. Herald examiner, I learned that bad news sells but good news, well, not so off for the newspaper biz. That's how my late editor at the Heraxx explained while I had to write tough homicide articles or get gruesome details about plane crashes or lurid tidbits about the deaths of movie stars when I just wanted to mix some good stories with |
| 2:34.8 | the sordid tales. But here I am on mad money, trying to do something different. In a world |
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