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Cramer's 'Mad Money' Recap: Up the Dow Staircase

05/21/07 - 07:32 PM EDT

TheStreet.com Staff

Click here for an archive of Cramer's "Mad Money" recaps.


The Dow Jones Industrial Average is going to 14,548 this year, Jim Cramer told viewers of his "Mad Money" TV show Monday.

"The sin of not being bullish enough" is not something he's been guilty of often, he said. Cramer believes that we are finally "out of the doldrums" and that the market will be able to take on new highs without much resistance.

"We are about to go up another 1,000 points in the Dow from right here to year-end," Cramer said.

Every year, Cramer comes up with a prediction for the Dow Jones by doing what he calls a "bottom-up analysis" of the index. What this means, he explained, is that he goes through each of the 30 stocks in the Dow and for each of them he determines what price the stock is headed to by the end of the year.

This week, Cramer said he's dedicating a five-part series to the Dow and to why he believes it's headed to 14,548. Cramer said that each day he will talk about six stocks in the Dow and where he believes they are going.

The Dow Jones is filled with stocks that have buybacks, have "big international exposure" and are cheap, Cramer said.

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At the time of publication, Cramer was long Altria, Halliburton, AIG and Hewlett-Packard.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.


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