 |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||
  RSS FEEDS |
The people have spoken: General Motors meant nothing. In the end it meant nothing at all. Imagine a couple of years ago, if you knew GM would file for bankruptcy, you would have thought the market would be down at least 1,000 points.
Instead, the market went up. What does that say to you? To me it says that the bears who continue to disrespect this market don't have any sense about how it absorbs endless bad news. Do you know that other than from a couple of tech companies and Joy Global (JOYG - commentary - Trade Now), we haven't even had any real upside surprises? What happens when we get them? Just musing about an amazing week and month and quarter and how so far the bad news keeps coming and the market just keeps going higher. At the time of publication, Cramer had no positions in stocks mentioned. Know What You Own: In Friday's trading, the most active stocks include Bank of America (BAC - commentary - Trade Now), the S&P Depositary Receipts (SPY - commentary - Trade Now), the Financial Bear 3X (FAZ - commentary - Trade Now), the Financial Bull 3X (FAS - commentary - Trade Now), Citigroup (C - commentary - Trade Now), the Financial Select SPDR (XLF - commentary - Trade Now) and the PowerShares QQQ (QQQQ - commentary - Trade Now).
Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here. TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com. Brokerage Partners
|
||||||||||||||||||||||||||||||||||||||||||||
| Subscribe to our RSS Feed |
© 1996- TheStreet.com, Inc. All rights reserved. |
PODCASTS
