When life hands you lemons, make a big ice-cold pitcher of booyah! - Jim Cramer on realmoney radio.
- On yesterday's realmoney radio show, Cramer started off that he likes to buy low and sell high. Did you ever get that impression from watching, listening or reading him? I suppose everyone would like to, but seems like most folks are momentum-based. The excitement or fear builds up, and it's hard not to make emotional decisions.
- Cold Hearted Truth on the American Idol final 3 last night...
- Another American Idol prediction by Wizbang...
- The market has been a House of Pain for the bulls. SMH is roughly 14% off the 52-wk high. QQQQ is roughly 9% off the 52-wk high. SPY is roughly 4.5% off the 52-wk high. And DVY is roughly 3.5% off the 52-wk high. Beta works in both directions.
- Uh oh, this just in: Americans May Take Too Many Vitamins! But no studies show strongly that people prosper from popping multivitamin and mineral supplements and some suggest that eating healthily and exercising provide more benefit, the panel said. Yeah, I stopped taking them a long time ago. I figure they just make your pee more expensive. But there is a whole cottage industry telling you that you need 5000mg of this or that, because "you couldn't possibly eat 500 tomatoes a day." (Why would I want to?)
- More on the Da Vinci Code later. But whenever the subject is religion, there is going to be some angst. Churches are gearing up for an education crusade at theaters. So this should be in the news headlines in the weeks ahead.
- Of course the stock market is going to bounce. I think it's really hard to find the first bounce. It's guessing really. Many folks jumped in early this week, and got smoked. Sure, we could get the bounce starting sometime thurs-fri, as the bears book profits and spend it on booze and flying in Ukranian hookers for the weekend. That'd be one scenario. Check out the ramping put-call ratio, and short-term a bounce can happen at any minute. It is options week, too.