Friday Night's Show Highlights:
Next week's Game Plan: there are some buying opportunities out there!
Friday, August 28, 2015
Providing a verbatim recap of Jim Cramer's Friday Night "Game Plan for Next Week," word for word, with all stock picks & recommendations to help you prepare for the week ahead, including that night's Lightning Round picks...
Jim: The week... the week finished with a whimper, not with a bang... as the Dow dipped 12 points, the S&P actually rose 0.06%, and the Nasdaq advanced 0.32%.
And I for one am very glad to put the brutal volatility behind us for a weekend.
The totally chaotic and mercurial nature of the market left me thinking once again, who can blame people for losing faith in stocks. Yet here I am telling you yet again that, if you protect yourself with limit orders... if you use weakness to put some capital to work... not run from the market out of fear... you can use your money to make money in stocks.
And that's not something that you can say about cash, despite the Jeremiahs of the bears who think the market is just one big pumped up balloon that the air will soon be taken out of by an impending Fed rate hike. It's still the only game in town. And that's been the case ever since the Fed got serious about easing during the financial crisis. Now we're faced with the end of the Fed's period of accommodation... we're all starting to get the hang of that... something that could happen as soon as next month. And after this brutal week, unless China runs off the rails before the next Fed meeting. Or some gigantic firm implodes, creating a brutal credit event that freezes brokerages around the globe, I'm tempted to say, let's just get it over with, so you can go back to focusing on the fundamentals of individual companies, like we know how to do on Mad Money...