Cramer's 'Mad Money' Recap: A Good Year After All
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- It's time to stop and smell the roses because for all of the doom and gloom that shrouded 2012, it turned out to be a pretty good year after all, Jim Cramer told "Mad Money" viewers Wednesday.
Cramer said that while the naysayers have already turned their sights on the next battle in Washington -- the debt ceiling -- normal investors should take a moment to pause and reflect on all that actually went right in 2012.
Just last week we were facing the possibility of higher taxes for all, fewer incentives for investing and an almost guaranteed recession. But today, all of those things are in our rear-view mirror, Cramer said. While no one is happy with the deal we ultimately got, it brings a certainty to the market that it desperately needed.There were a lot of things that went right in 2012, Cramer reminded viewers. He said the housing stocks came back to life as did the financials, two key sectors for the American economy. Technology was also able to end the year on a high note. As today's acquisition of Zipcar (ZIP) proved, mergers and acquisitions also remain alive and well, all great things for 2013. Cramer said there are always plenty of opportunities out there, which is why he's always taken heed of the skeptics but ignored the cynics. He said only those investors who can see through the Washington smokescreen will be able to see 2013's diamonds in the rough as they begin to appear.
Off the ChartsWhere are the markets headed in 2013? Cramer went "Off The Charts" with analysis from colleague Bob Lang to find out. Lang took his cues from the PowerShares QQQ (QQQ), which tracks the Nasdaq100 and the iShares Russell 2000 (IWM), which tracks the small-cap stocks. Using a monthly chart going back to 1999, Lang noted the Nasdaq is now within 50 points of its all-time high, in 1999. He said if the QQQ can break out above $70, there will be little resistance and smooth sailing thereafter. A weekly chart of the QQQ showed similar bullish trends, with a clear consolidating occurring during the end of the year, but the MACD momentum indicator still pointing into positive territory.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV