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Cramer: “Buy Anything But Banks”, StockBlade Yesterday: LONG Financials. Result? Financials Led The Market To Huge Rally

April 2, 2008 8:32 AM

lightbulbbright.jpgWe like to point out differences between us and the Talking Heads when there are clear differences of opinion. Cramer has been relentless in his mantra to avoid banks, buy gold, etc etc for weeks. What did we say? AVOID commodities, AVOID gold related, and LONG financials - the exact opposite.

StockBlade let’s the “market” tell us what is right and what is wrong, not the Heads. Financials were probably the number one sector yesterday up over 7% and we called it at the open saying “financials should lead the market higher and are the lead dog today”…..and AEM was one of only 13 SP stocks down on the day.

I think I want a raise….

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Comments

One Response to “Cramer: “Buy Anything But Banks”, StockBlade Yesterday: LONG Financials. Result? Financials Led The Market To Huge Rally”

  1. Tom@StockBlade.com on April 14th, 2008 11:58 pm

    Financials are a TRADE not an investent, IMO. So Cramer is probably right LONG term on these. We make calls for a 3 day time frame, which is best for the market we have been in for 6 months anyhow. This market is a traders market. The rally’s have not lasted, and buying up top has been painful, and the fundamentals do NOT warrant any sustained rallies…. you take the money and RUN and hide, just like Wall St. is doing…

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