The “Mad Money” Companies like Steelmaker expressed surprise Nugor And construction materials supplier Martin Marietta It rose solidly during Monday’s session, the first time since the House of Representatives Passed the $ 1 trillion infrastructure bill late Friday.
“Historically, you have to buy before something good happens, and then sell in the news. Brilliant money is always loaded and crushing auctions when stories are broken, often leading to huge losses for anyone who buys the news,” Kramer said. “However, this market does not exist. The new system is insane if experienced, but it creates luck for newcomers.”
Kramer pointed to Nugore in particular to present his case. As he mentions Maintained a optimistic outlook on Nucor, Others on Wall Street believe its shares are fully priced in the potential benefits of the infrastructure deal.
“In the old days, when we found out that Congress had finally passed the Infrastructure Bill, you could have seen Nogor’s stocks opening one or two points and making an angry profit before the heat-seeking sellers came in and illuminated the buyers. Eventually, they might have exploded back to where they were trading this thing a week ago.” Kramer said.
However, Kramer said the current market is not dominated by large corporate cash managers.
“Individual investors have more power,” Kramer said, with Newcore shares rising 3.6% on Monday. The stock has risen 18.65% in the past month.
“Look, it’s very clear to Nogor’s pros. But there is no doubt that the bill will actually pass before regular private investors pull the trigger. Then they started to buy into the fist, I do not think they are over,” Kramer said.
“Professionals are misinformed because these new buyers are not used to the filthy trade routes of Wall Street,” he added. “They hear the good news; they buy the good news. It’s a new world, more direct, less pessimistic, and you ignore this belief at your own risk.
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