What Does Buffett Know About Airlines?

Setting valuations aside, the true test of long term profitability is whether operators have made a permanent transition from price-taker to price-maker . The “airlines had a bad century” argument assumes that pricing power improves at a faster rate than a consumer’s ability to identify and exploit systemic weaknesses.

Tonight I am picking the best charts of some of the best technicians we have worked with…’

Why study charts? Because charts are like the footprints at the scene of the crime, clues to what the big money managers are likely thinking, Cramer says. In a special episode of Mad Money , Jim Cramer dedicated the entire show to the art and science of technical analysis , picking the best charts from his weekly “Off the Charts” segment and analyzing even closer.

‘Stop thinking of the market as a whole and think of it as a market of stocks.’

There are very few profit-takers in this market, Jim Cramer told his Mad Money viewers Wednesday, and with so little overhead resistance, stocks still have a lot more room to run. How can the dramatic rise of the Dow Jones Industrial Average since the election be justified? Cramer said that if you look at each stock individually, you’ll see that there are many reasons not to sell.

‘Stop thinking of the market as a whole and think of it as a market of stocks.’

There are very few profit-takers in this market, Jim Cramer told his Mad Money viewers Wednesday, and with so little overhead resistance, stocks still have a lot more room to run. How can the dramatic rise of the Dow Jones Industrial Average since the election be justified? Cramer said that if you look at each stock individually, you’ll see that there are many reasons not to sell.