A huge applause for the interview with Nucor's Dan DiMicco last night! It was spot on and deeply needed. Job creation is probably at the top of most of our lists. I have made a commitment to myself during this past year, to call or email my elected officials, first thing in the morning on my day off, each week, to let my voice be heard. Thank you for constantly using your voice for good Jim. Just fantastic shows, jam-packed with lots of great information and interviews this entire season! As always your outfits are gorgeous and so GQ! --Lisa in Maryland
Cramer says: “Dan wanted to come on and tell the story. He’s the man we should thank. He’s taking the time out from running a major steel company, the best in America, to make everyone realize that creation of jobs is the most important thing. My hat’s off [to him].”
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Hey Jim: I'm starting to read a little more in the news about more companies starting to hit their 52-week highs. I know this statistic has been an important indicator of bullish and bearish sentiment in the market. From October 2008 through April 2009, stocks fell approximately 50%. As we wrap around this time period, the historical 52-week high of many stocks will continue to fall. Even if stock prices do nothing over the next six months, most stocks will appear to improve on this metric, and most stocks will actually start setting new highs. This anomaly is similar with earnings comparisons of prior year starting in the fourth quarter. With these historical measures being so skewed, are these statistics even relevant? --Jonathan in Georgia
Cramer says: “No. That’s why I’ve been working on a multiweek project to analyze the stocks that are at their three-year or all-time high, which is much more effective and much more efficient.”
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