Cramer: Look for ‘gigantic rally’ in stock market Wednesday following Brown win in Massachusetts

With Apple’s earnings due on January 25, a special media event on the 27th, and on the heels of a $9.11 jump (4.42%) and new all-time closing high of $215.04 for AAPL today, CNBC’s “Mad Money” host Jim Cramer says that Scott Brown’s Massachusetts Senate win tonight will mean a “gigantic rally” is in store for stocks tomorrow. Scott Brown (R) won 51.9% of the vote versus 47.1% for Martha Coakley (D).

“I think investors who are nervous about the dictatorship of the Pelosi proletariat will feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win,” said Cramer on Friday’s show, anticipating Brown’s win. “It will be a signal that a more pro-business, less pro-labor government could be in front of us… Pelosi politburo emasculation! Everything from the banks, which are usually in the Democrats’ penalty box, or the oils which are despised by this administration for being carbon, could be propelled dramatically higher all of this Tuesday night.”

Apple’s previous closing high was $214.01, set on January 5, 2010. Apple’s all-time high (intraday) stands at $215.59, set during trading on January 5, 2010. Apple’s 52-week low was $78.20, set on January 20, 2009.

CNBC’s video:

At market close, Apple’s market value stands at $193.68 billion.

For reference, some selected current market values:
• Microsoft (MSFT) – $276.14B
Apple (AAPL) – $193.68B
• Google (GOOG) – $186.43B
• IBM (IBM) – $176.21B
• Cisco (CSCO) – $142.95B
• Hewlett-Packard (HPQ) – $124.71B
• Intel (INTC) – $116.24B
• Disney (DIS) – $57.83B
• Amazon (AMZN) – $55.25B
• Nokia (NOK) – $49.09B
• Research In Motion (RIMM) – $36.37B
• Sony (SNE) – $34.14B
• Dell (DELL) – $28.98B
• Yahoo! (YHOO) – $23.47B
• Adobe (ADBE) – $19.34B
• Motorola (MOT) – $17.66B
• Palm (PALM) – $2.25B
• RealNetworks (RNWK) – $624.28M

AAPL quote via NASDAQ here.

[Thanks to MacDailyNews Readers too numerous to mention individually for the heads up.]

83 Comments

  1. The people of Mass have effectively thrown the Kennedy legacy over the rails of the ole’ Brig Beaver II. And the Dems are wasting no time throwing Coakley under the bus.

    And in other Apple news…

  2. Hey, doesn’t Mass have a similiar health care system to the one that Obama is pushing for? What happened? I thought that was a lock for a Democrat?

    What is this saying? I also thought that Mass had a wealthly population and the current adminastration was following the lines of that state as Ted envisioned it. Wow, I need to read news more often.

    Well, at least they should be getting the iPhone with Verizon before the next election. Their is still Hope for the Verizon folks over there!

  3. We desperately need a health care reform bill, but not this one. Massachusetts residents would have been forced into a less progressive plan.

    And CNBC is just Faux News with a ticker scroll bar.

  4. Strong words from the Democrat Cramer.

    Congrats to Scott Brown.

    I hope he doesn’t blow this chance to stay true to what he was elected for, because he will NOT get a second chance from the good people of Massachusetts if he screws up.

    Enjoyed watching this on MSNBC, BTW.

  5. The market rallies after this election because big health care corporations realize they will now be allowed to continue bending the general public over and sticking it to them.

  6. I know this is not computer related, but!

    If you are to bring down the cost of medical care you must reduce cost.

    1 Lower the hourly wage of RN and related staff.
    2 Lower the amount of money a doctor can charge.
    3 Make suing the medical sector difficult and have a set cost for a related problem. A very low amount! So suing only gets you a set amount and the lawyers payday is pennies on the dollar!
    4 Each person must have DNA and biometrics so it is national. That way any medical done will be to the person insured and not double or triple dipping on a policy. Help insure correct medical profile and reduces confusion on drug issuance and cost projection per user.
    5 Choose a standardized system for identifying the users of policy that can be assessed anywhere in the US. So a reduction in confusion and shorter processing times.

    This would be an excellent start. But, will people take less? Also means lawyers protesting with medical personnel protesting. Not to mention all the other persons wanting to sue to millions with the lawyers complaining and protesting.

    Do not see a workable solution.

    So the major hurdle is the lawyers- since they rule the courts, the political parties, unions, and every other sector. Cut their money and it is like holding a knife to one throat. Wonder why cost will not be reasonable?

    Almost as difficult to get the mass of PC users to consider using another OS.

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