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Jim Cramer: Once FAANG stocks roll over, you can buy - YouTube
Channel: CNBC Television
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uh hospitalizations and where deaths
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have not been following the case count
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right in the same way um but it's of
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concern it would seem
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yeah look you come in and you see europe
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down big
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europe's in different positions you see
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the tenure at some price that makes you
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think that there must be just all hell's
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gonna break loose
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uh you see that there's whole states
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that seem to just
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don't believe uh and then you hear that
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facebook is killing people and the
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president
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zuckerberg by the way many things have
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been said about him this first time i
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heard he was murder
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well he didn't say that well okay okay
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like the facebook
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they're executives there i think it's
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important
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yeah well because i think that what's
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happened is although although i think dr
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gottlieb was absolutely right that it
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should be easier to police nation police
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there's just a lot of people david who
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genuinely believe
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that it's bad so what's he policing if
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40 of the people think that it's bad are
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you supposed to tell those 40 percent
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that they're ignorant
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well jim i i don't know uh i think
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that's not
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exactly what the president was talking
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about if we want to get to the president
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president was not
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clear let's take a let's take a quick
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pause i want to come back to this
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facebook versus the buying mystery i
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want to get back to the market for our
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viewers just so we can sort of set
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things up
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as we uh get ready to to trade 28
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minutes or so from now look i just think
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are there going to be opportunities
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yeah well look today's the day you're
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not going to step in by the cruise lines
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i don't pick on people no the cruise
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lines yeah did you read the
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lawsuit did i mean there was an overturn
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the appellate court agreed but did you
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read the lawsuit
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that frank del rio filed from norwegian
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it's very sad what he says is we want to
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vaccinate everyone
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from the crew be sure that everybody in
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the crew is vaccinated
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and be sure that all the tourists are
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vaccinated right but the state of
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florida won't let them
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right the state of florida is basically
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mandating that there'd be people on
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those cruises that have covered well i
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think it's non-starter
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becomes difficult particularly given the
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uh the level of infectiousness of the
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delta variant right
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again not morbidity thankfully but you
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can get it very easily no you're either
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going to be here's what we'll discover
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in the next four weeks you're either
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vaccinated
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or you get it there's no middle ground
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anymore
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and the breakthrough as dr uh gottlieb
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suggested
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is happening more aggressively than
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people realize well it's not
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it's not being just what is what is what
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dr gottlieb also says and he'd like
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to see it i mean right we've had a long
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time now to listen to a lot of different
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people in public health tell us things
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he's the best i think i think you and i
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agree and he's pro vaccine
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and he's also what i'm waiting by the
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way to hear is
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we have all these professional athletes
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who are getting it yeah they obviously
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don't know that they have it or else
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they would
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be saying and they get tested all the
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time which is why they find out that
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they have it even though
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they don't have they are asymptomatic
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can we get back to the market yes
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okay i am saying that the market rolls
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over it could go over three
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three percent but take a guy like mike
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wilson whom i like i mean comes one he's
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intelligent morgan stanley
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yeah and he's now saying listen we got
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to get a little more defensive okay
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well hello the david the cyclicals have
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been rolling over for weeks
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weeks and now we get to pencil
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now is the time to look at cleveland
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cliffs at 19
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because it sells at two times earnings
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now is the moment
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david it's he likes modeling money
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has been great for weeks to the extent
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that the market is responding to this
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perception that we're going to somehow
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or
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the economies are going to slow or we're
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not going to open as quickly
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i don't know jim i mean we're fully open
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here where we are in new york right well
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then putting something is stopping
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you all right well dr gottlieb says
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that's silly right
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uh in l.a by the way not in calgary he
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also says by the way the third
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the third booster no no evidence
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um but the uk is fully opening today i
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know right now
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johnson had a very bad case
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uk mixed signals because one of the
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things that's happening in europe is if
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you get
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covered they seem to not trust the
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antibodies
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and they're giving them another shot
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right well again back to
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our man dr gottlieb he says you benefit
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because there's an enormous immune
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response if you actually had covet and
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get the vaccine you are really truly
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but facebook is the beginning of a word
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named fact and the one part of this
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market that has yet to roll over
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is fact once fang has rolled over then
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you can buy
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because then everything will have rolled
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up that's the last
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bastion and david the reddit people how
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am i
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don't they get point out the day that
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robin hood comes publicly
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just because it's you know it's a little
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shakespearean isn't it
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shepard smith here thanks for watching
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cnbc
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on youtube
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