RE: Jim Cramer (TheStreet.com) Yahoo Chat Transcript.
chat.yahoo.com
[from Thursday evening...]
Here are a few general market predictions that he gave:
Yahoo_chat asks: What's the outlook for next week?
Jim Cramer: Next week should be weak again, until we get all of the stocks in stronger hands we must wash out the quick buck artists and get more money into the hands of mutual funds
Vik_B asks: What can we expect from the markets (mainly ) Nasdaq over the next 10 days or so ?
Jim Cramer: NASDAQ will also retest
Robertcmavis asks: The '87 one day crash was followed by a brief respite then an upward movement and then a further decline before a gradual improvement. Do you visualize a duplication of that scenario?
Jim Cramer: yes
Odin3 asks: How far do you think the market will drop before it levels?
Jim Cramer: i don't think it will take out Tuesday's lows
Sheldon7 asks: What's your outlook on tech stocks -- long and short term?
Jim Cramer: short term kind a tough, but there will be a year end tech rally
Richsim asks: Mr. Cramer, do you have any feel for when the market sill settle down. Possibly lst qty 98. Your comments sir.
Jim Cramer: No, sooner than that. Actually I am quite bullish for November
Vleal97 asks: Hey Jim, I'm a subscriber to The Street, just wondering, do you agree with Abbey Cohen, that the Dow will reach 10,000 by mid 98?
Jim Cramer: Yes, I am in the AJC camp. She's pretty good
Also, he had a very good comment on margin:
InsiderAGP asks: If the Dow retests it's lows and holds, is it time to margin?
Jim Cramer: margin is for fools. You margin only when you see the whites of the eyes of the speculators or you have a vicious edge
- Michael Coley
- i1.net |
