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Jim Cramer: July 13th will be the market bottom

CNBC Television · 2022-07-12 · 유튜브 시청 164,717 · Board Views 8 · International

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Yes. Yes. Chance. Listen, the financial markets are difficult right now for new privatization deals . We talked about this yesterday. What do we never talk about? We don't talk. We are not talking about emerging markets. Almost never, you're right. I don't know. That's because you people who talk about emerging markets always love them.

focus on them much more. I once ran a newsletter about emerging markets. Who was leading? I was leading in '92. You were so interesting back then. Yes, I have traveled the world to see them and understand them. But, um... With an institutional investor? Well, yes. But I don't... Wait, can you stop ?

Let's get back to what we were talking about. The financial markets are complex right now in that you won't do anything in the high-yield segment unless it's already been brought to market. So... what does that mean? Does this mean we are at the peak ? Citrix is ​​complete. Tenneco will be completed.

There are a couple others, but new things now—pause. And how much antitrust influence is there here? This is what I hear from our traders. antitrust and antitrust? No, no, no. It's about...it's about secondary prices for high-yield securities and things like that. Okay, because... It's not... You're talking broadly now about M&A and whether there's pressure because of regulatory concerns.

Of course, there is. You see, he...you know, he filed case after case. Nobody is paying attention. high-yield bonds and so on . Especially people associated with Goldman Sachs and JetBlue. We...we could end up with Twitter, which is up 1%. I thought you would invest. but they...they keep postponing the vote.

They constantly postpone voting. They constantly postpone voting. do. They keep postponing the vote there, Spirit and Frontier. They keep trying and trying. They knew, Goldman...Goldman hired a person from Google. Whom? Yes, and that was talked about a lot this morning on Squawk. I think it will be awesome.

Do you think so? Develop a whole new business direction at Goldman. What are they doing? They make money. Okay, we're not going to explain this because I...I ... I don't know, because he was talking like a trend expert. Yes. Innovation, implementing innovation, or even that they're starting to talk more about breaking down divisions into smaller parts to work with regulators.

to come here and actually explain a strategy that's a little confusing to those of us who haven't been through it before . Hey, who is the CEO of Goldman Sachs? But they could be in the metaverse. They could do anything in the metaverse. Did you know that, did you know that Mark Zuckerberg doesn't want you to use a real avatar that looks like you?

Because I volunteered that I am You get Jensen V. Why if you can look better than in real life? This is the main goal of the metaverse. So you're saying it shouldn't be hyper-realistic, is that what Mark is saying? Yes, he doesn't want hyper-realism. And by the way, I'm telling you, we all know where this is going.

Jack Taggart. First, in the metaverse, you don't necessarily have to be yourself. You can look better. We all know where this is going. I always choose the name Beethoven. I do n't understand. Why can't I be called Beethoven, Jim ? I'm listening. When I go to Wendy's, I call myself Benton. OK. Hey, Twitter, guys.

Up 2.5% this morning. Well, as I said before, money goes. We are waiting for a lawsuit from Twitter. Well, that will be an interesting read. It must be, let's hope. Well , you know, they did a good job at Wachtell putting this document together. OK. Um, they added Wachtell recently. It wasn't there, you know, it's funny.

Tiffany, LVMH Yes. did not have a funding clause. Well, this deal has. That means if the funding goes away , the deal goes away, which is why you got that email from Twitter that we, uh, quoted this morning saying, " Hey, the deal isn't broken." And don't even think about canceling funding." But again , we'll see.

I, I, Jim, you mentioned this before the close of trading, because of yesterday's conversation and all the attention it got, when I said, "What if, what if, what if about Musk, if he loses in court, if they get the bond, if the judge, if he says he won't do it, what happens then?" Um, there's a case from 2012 where a judge, a Chancery Court judge in Delaware, said, "Hey , you're in contempt of court and you're going to jail." People took a break from criticizing me and said, "Listen, while we're criticizing you, I want to talk about how bad David Faber is." I know, sorry.

Hey, by the way, the markets are barely down today. By the way, context is everything, and unfortunately, we did n't have the context of this conversation on the table. I think David is much better aware than Musk of what might await him. Another. What? Here's another one on Twitter. You ca n't even imagine.

I mean, people don't listen, they don't understand, they do n't get it. They attacked. It seems like this annoys you. What, be me? Yes, because I got it for one day. I kind of ignored it, but still . I took a photo of zucchini and immediately received what I would call a scatological use of zucchini from my viewers.

I am No. This is not right. But I will say, Can I go back to the market for a second? Oh God, please! I'm telling you, today's notes, you mentioned Apple, you referenced the Bank of America note on profitability versus the 30,000 negative futures that Apple did. The market wants to grow, and Apple is an example.

JP Morgan is rising after a rating upgrade. The oil companies are all for sale. Yes, oil fell below 100. Uh, and airlines, by the way , three or four airlines are leading in the S&P, and Boeing is in the Dow. Because American Airlines made an announcement today. Well, you know, I just think the market I told David that July 13th would be the bottom. I said this back in February. Is it today or tomorrow ? Tomorrow.

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