Friday, September 29, 2006

Jim Cramer Quotes, Mad Money quotes, business quotes

Jim Cramer Quotes, Mad Money quotes, business quotes

The speculative public is indulged in stocks that I have no confidence in. There's a stock that I am sure of right now, Iomega, that is the third-tier player in a very cyclical market, storage for personal computers.

The third-tier players, Iomega, IMP, historically in this era when PC sales are threatened if there's a lot of competition in storage, the third-tier players usually cease to exist in six to eight months.

The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are.

Their managements are not as shrewd and Hewlett-Packard. They're not as good as a management of Intel. They haven't seen downturns like the management of Merck.

There are companies out there in our country who historically have not been able to beat the Germans and the Japanese, who now beat them routinely.

There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles.

There were speculators saying that the foreign stocks had the stock going down. They were all wrong. Those classes of assets were dangerous at the time and they became great bargains.

There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.

There've been fortunes made in Merck. There have been fortunes made in Pfizer. There will be fortunes again made in Merck and Pfizer.

These will be fabulous investments and will make millions of more people rich.

They had too many country clubs, too many airplanes, whatever. And raiders came in and rationalized those and then the raiders got too greedy and the raiders blew off. Good riddance.

This issue has died down right now because the way the corporate killers were on the cover of Newsweek and everybody's been hushed about the lay-offs.

Those were the people who sold were people who had chased previously good performance in '93. Now we have seen those funds suffer massive redemptions, at times being down as much as 40-50 percent.

We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must.

We typically hear numbers that there are 34 million households that are in stocks in some form. Well, I say that what's occurred is if you have a job in this country, you're in stocks.

Well, he's just the same guy who in other aspects of his life would be very late to a trend.

What I'm saying is that there are bargains right now, there are stocks right now that if you're shrewd enough, you will be able to buy them at the opening today and I you'll make money in a year from now.

When I speak of the term 'the stock market', I'm invariably speaking of good American companies that tended to be not that sharp in the '70s, got sharp in the '80s, and are now unbelievably good in the '90s.

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

Jim Cramer Quotes, Mad Money quotes, business quotes

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