Thursday, July 17, 2008

today RealMoney | RealMoney Silver | Stockpickr | Street Answers | Mobile | BankingMyWay | MainStreet

Advanced Search


Jim Cramer
o Cramer's Blog
o Cramer's Columns
o Mad Money TV Show
o Mad Money Recap
o Mad Money Lightning Round
o Mad Money Performance
o Stop Trading!
o More Cramer Essentials
o Action Alerts PLUS
o Cramer's Investing & Trading Rules
o Cramer's Books
o Jim Cramer Executive Interviews

o Cramer's Blog
o Rev's Blog
o Macro Blog
o Options Blog
o Columnist Conversation


Video and Audio
o TV
o Latest Videos
o Market Updates
o Cramer on Demand
o Market Strategy
o Options Update
o Executive Interviews
o Personal Finance
o Small Business
o Small Business MGMT
o Mutual Funds/ETF Report
o The Five Dumbest Things on Wall Street
o The Good Life
o Jim Cramer Executive Interviews
o Audio
o Podcast Homepage
o Real Story With Aaron Task
o Millionaire Zone With Jennifer Openshaw
o Wall Street Confidential
o The Millionaire Maker With Loral Langemeier

Latest Headlines

o Consumer Services
o Action Alerts PLUS
o RealMoney
o InsiderInsights NEW!
o ETF Shark Alerts
o Nails on the Numbers NEW!
o Stocks Under $10
o Breakout Stocks
o Options Alerts
o Value Investor
o Top Stocks
o Dividend Stock Advisor
o Telecom Connection
o Daily Swing Trade
o Bundle Services
o RealMoney Silver

Thursday, July 17, 2008 | 4:53 p.m. ET Daily Archives
FAQ | Customer Service | Logout

Mobile Executive sponsored by Toshiba
Mobile Executive sponsored by Toshiba
Futuristic Watches Are the Hot Gear of the Hour

Fun on the Run: Pinnacle Video Transfer

Zoom In on Zoombak GPS

Harmony 1000: The Ultimate Remote Control
Mobile Executive sponsored by Toshiba

Action Alerts PLUS
RealMoney Silver
Stocks Under $10
Options Alerts
Top Stocks
View All

Free Trial

Now, enjoy the good life every day!


Who's your broker now?

Chase Mobile. Chase What Matters

Charles Schwab Rev Shark Blog

Print This Story

Big Blue the Only Bright Spot

By Rev Shark Contributor
7/17/2008 4:38 PM EDT
Click here for more stories by Rev Shark
Try Jim Cramer's Action Alerts PLUS

IBM (IBM - commentary - Cramer's Take) has been the only bright spot in the earnings parade so far tonight, and a lot of that was due to currency gains. Google (GOOG - commentary - Cramer's Take) was trashed, Merrill Lynch (MER - commentary - Cramer's Take) disappointed, and Microsoft (MSFT - commentary - Cramer's Take) cut guidance. The PowerShares QQQ Trust (QQQQ - commentary - Cramer's Take) is down big after hours, and you have to wonder what the folks who were going crazy with their buying today were thinking.

The bulls have their work cut out for them tomorrow if they are going to salvage this recent rally. Look for pressure to resume on the financials.

At the time of publication, DePorre had no positions in stocks mentioned.

P.S. Cramer's Investor Service on Sale — Limited Time
One of Wall Street's most successful hedge fund managers, Jim Cramer knows how to make money. Now, learn how Jim's navigating today's volatile market, including the buys and sells in his personal portfolio, at Action Alerts PLUS — and save $50. Act now on this limited-time offer.



Rev Shark Blog
Market Action Was All About the Sectors
7/17/2008 3:59 PM EDT
Depending on what group you were in, it was either a great day, or a disastrous one.

Rev Shark Blog
Strange Action Ahead of Earnings
7/17/2008 2:17 PM EDT
We're seeing panic-buying of financials, of all things. Remember, it's just a bear market bounce.

Rev Shark Blog
Don't Force Your Style on the Market
7/17/2008 12:47 PM EDT
If your approach doesn't suit these conditions, then step aside or think short term.

James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates, an interactive online community that serves and educates active investors. DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former tax attorney and CPA. He lives in Anna Maria Island, Fla., with his wife and two children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Rev Shark appreciates your feedback; click here.

Partner Center

Ulitimate Escapes

Fidelity Investments

Fidelity Investments
Charles Schwab



Write us!
Order reprints of TSC articles.

Investor Relations | Privacy Policy | Terms of Use | Conflicts Policy | Corrections | Internet Index | Advertise | FAQ
Site Map | Who's Who | Reader Feedback | Employment | Contact Us
RSSSubscribe to our RSS Feed
PODSubscribe to our PODCAST
© 1996-2008, Inc. All rights reserved.'s enterprise databases running Oracle are professionally monitored and managed by Pythian Remote DBA.

About Shark Watch

Thursday, July 17 - 3:36 PM

Heading Towards the Close

Although the averages are off their highs as we work our way into the final hour, the steady uptrend which began yesterday morning remains in place. Energy and material continue to lag, while financials approach an advance of 6%. Like we said earlier, the faster this market bounces, the greater the chance that investors will take what has been given to them and move back to the sidelines. It also sets up an interesting set of circumstances ahead of earnings tonight from GOOG, MSFT, ZION, COF and IBM. Given this two day run, it will be interesting to see if mediocre reports can bring more buyers.

That said, we aren’t that inclined to short in front of those reports. But, we might be more inclined to fade a strong open tomorrow if we see one.

No comments: