Sep 23, 2021 | 01:36 PM EDT DOUG KASS What Are Your Thoughts on Thursday's Market? As bad as Ms Market looked on Monday, that's how good she looks today.
Yet here is what will happen. The meeting will occur. There will be no change in what is happening. Most chips that are needed will continue to be made in Taiwan. The Chinese will move ever closer to Taiwan by taking over islands near the U.S. ally.
It will destabilize the democracy and in two years we won't have a chip shortage, we just won't have any chips because they are too expensive to make here.
What Are Your Thoughts on Thursday's Market?
As bad as Ms Market looked on Monday, that's how good she looks today.
This is the new economy.
This is the new stock market.
Oh, and... investors have no brains.
Position: None
JIM CRAMER
Sep 23, 2021 11:05 AM EDT
While the big guns meet at the White House about the global chip shortage, the president and these companies are approaching this all wrong.