Off The Charts, Birkenstock IPO & Higher For Longer Winners 10/9/23

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 9 October 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow gained 200 points as investors began to weigh the impact of the war in Israel. First, Cramer's going Off The Charts and turning to the technicals to get a better read on where the market's headed. Then, if the shoe fits - invest in it? Cramer's breaking down the upcoming Birkenstock IPO and if investors should jump in with both feet or if the market might get cold feet on this public debut. Plus, as rates stay higher for longer and bonds keep climbing, Cramer's unveiling the companies that are positioned to outperform. Mad Money Disclaimer

Transcript

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0:00.0	My mission is simple, to make you money.
0:04.0	I'm here to level the playing field for all investors.
0:08.0	There's always a little more kids somewhere,
0:10.0	and I promised to help you find it.
0:12.0	Man money starts now.
0:16.0	Hey, I'm Kramer.
0:18.0	Welcome to Man Money.
0:19.0	Welcome to Kramer America.
0:20.0	I'd be one of my friends, I just am trying to make you some money.
0:24.0	My job is not just to entertain, but to educate,
0:26.0	put everything in context.
0:27.0	Call me at 1-107-3-CBC, to a beach of Kramer.
0:31.0	Wall Street can factor in pretty much everything instantly.
0:35.0	But today you can see how hard it was to calculate the impact of countless unarmed Israeli citizens being massacred.
0:43.0	I mean, how the heck could be rallyed with the Dow gaining 197 points as it'd be climbing 0.63%.
0:49.0	And then as it'd be advancing 0.39%.
0:51.0	Maybe it's because there seemed to be no direct economic consequence for the United States.
0:56.0	Maybe it's because the markets have become desensitized to worry after Russia's invasion of Ukraine.
1:00.0	But if you look at the timeline of today's trading, we started off the red.
1:04.0	We traded lower on morning.
1:06.0	And then in early afternoon, we started rally.
1:08.0	Why?
	...

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