The Bears Have it Backwards: Cramer's 'Mad Money' Recap (Monday 9/24/18) [TheStreet.com]
JP Morgan Chase & Co. (JPM)
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Source: TheStreet.com
The Bears Have it Backwards: Cramer's 'Mad Money' Recap (Monday 9/24/18) This market wants growth and it wants it fast, Jim Cramer told his Mad Money viewers Monday, and that's why the two most dreaded words on Wall Street have become "long" and "term." No one on Wall Street wants to hear about your company's long-term plans, Cramer said, they just want to know if you'll be making money for them over the short term. Case in point: JPMorgan Chase ( JPM ) , which today announced it's opening 50 new branches in Philadelphia. Those branches, CEO Jamie Dimon admitted, won't be money-makers in the short term, but they will be in the future. Investors panned the announcement, sending shares lower. The same pattern emerged after Comcast ( CMCSA ) won the bid for Europe's Sky Communications. Cramer said the deal gives Comcast a foothold in a growing market with fabulous assets, including the Premiere League Soccer. Yet investors responded to the deal by sending shares down
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