Cramer gives 10 reasons.....

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Cramer: 10 Reasons This Market’s Better Than You Think
Posted By: Tom Brennan


The Dow Jones Industrial Average surged 217 points on Friday, even despite a horrible employment number before the opening bell. That the market could rally regardless of the worst jobless rate in 16 years – 7.6% – showed a resilience not seen in some time. As long as new Treasury Secretary Timothy Geithner doesn’t break Wall Street’s spirit when he announces his financial plan on Monday, this uptrend might continue. Especially now that the bad news – jobs and a slew of poor earnings reports – is out of the way.

The chance for a string of good trading sessions isn’t the only reason to be positive. Cramer has found 10 noteworthy market trends, all of which popped up this week. In a sense, a new world’s been created in just seven days. Well, maybe conditions aren’t that bullish. But overly negative investors will miss what opportunities this market has to offer. So consider the following list before completely giving up.

First reason: The Federal Reserve is willing to do whatever’s necessary to save this market. Chairman Ben Bernanke and gang said as much in this week’s meeting.

Number two: While the U.S. may be struggling to pass a worthwhile, infrastructure-heavy stimulus plan, other countries’ spending is already driving the market. See: China.

Three: The Baltic Freight Index, a measure of world trade, has really taken off. It was down heavily last year, but a turnaround is well underway thanks to Chinese demand. Commodities like nickel and copper are up, and oil has finally bottomed, signs of growing strength in the global economy.

Numero cuatro: Again with China – that country’s market is up 20% so far this year. And the Chinese economy is starting to consume mass commodities with the voracious appetite for which its known. That will help to work off any worldwide inventories in coal, steel, copper, aluminum, as well as grains and consumer goods.

Reason five: Despite a negative outlook from Cisco Systems [CSCO 17.04 0.69 (+4.22%) ] and State Street’s [STT 30.49 2.95 (+10.71%) ] dividend cut, both stocks finished the week up 11.3% and 29.7%, respectively. If money can’t be made shorting such horrible news, then the market’s already sunk too low.

Sixth: Wal-Mart Stores [WMT 49.63 1.07 (+2.2%) ] seemed to indicate that people are spending money again.

Seven: Reports showed that housing sales are up in markets where prices are down. Combine that with a $15,000 tax credit for homebuyers, and Cramer thinks a sector bottom could still happen this year.

Number Eight: The hedge-fund selling that hurt so many stocks is over, at least for now. It looks like client redemptions have slowed, giving these funds a much-needed breather.

Ninth reason: The market finally has real leadership in Apple [AAPL 99.72 3.26 (+3.38%) ], Research in Motion [RIMM 59.17 2.37 (+4.17%) ], Google [GOOG 371.28 17.56 (+4.96%) ] and Amazon.com [AMZN 66.55 3.37 (+5.33%) ]. These stocks could take all stocks higher.

And lastly: UPS [UPS 47.07 1.16 (+2.53%) ] reported a decent quarter and announced that the transport business isn’t as bad as Wall Street thought. Cramer looks at these transports as a major indicator of the economy’s turn, he said, and the buying in Fed Ex [FDX 55.27 2.69 (+5.12%) ] and rails means that investors agree.

So while there’s no reason to be Pollyanna just yet, Cramer thinks there’s a case for being positive.
 
Crammer pretty much just goes with what is happening. If the market is going up, he loves it. If it drops some, he is scared to death.

Crammy only made money when somebody else was trading for him, or he paid for order flow and other info. Or used his CNBC position to float rumors. Or, according to flytiger, he associated with various (other) lowlifes and scumbags to short down companies using any means possible.

Is he right this time? Who knows? Looks like his trading and "advice" the last 8 years would make about what the SP500 has done. IOW, he's done poorly. Except for what he can sell to the public and CNBC dolts...
 
Quote from Wayne Gibbous:

Crammer pretty much just goes with what is happening. If the market is going up, he loves it. If it drops some, he is scared to death.

Crammy only made money when somebody else was trading for him, or he paid for order flow and other info. Or used his CNBC position to float rumors. Or, according to flytiger, he associated with various (other) lowlifes and scumbags to short down companies using any means possible.

Is he right this time? Who knows? Looks like his trading and "advice" the last 8 years would make about what the SP500 has done. IOW, he's done poorly. Except for what he can sell to the public and CNBC dolts...
More...


Absolutely hysterical!

And true.
 
He is a world class ass clown and deserves prison time for his failed attempts at manipulating stock prices and for the nearly nonstop flow of misinformation he delivers to his unsophisticated audience.

Why any author would quote him is beyond me, unless it was to highlight his antics and point fingers and laugh.
 
This comes from a guy who has said to take all your money out of the market if you need it within 5 years.

I guess if he says to buy and sell simultaneously, he is bound to be right?
 
Quote from sprstpd:

This comes from a guy who has said to take all your money out of the market if you need it within 5 years.

I guess if he says to buy and sell simultaneously, he is bound to be right?
More...

There you go. However it works out, he told you so. He's the most brilliant mind on Wall St.
 
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