"People forget that growth stocks can double and then double again," Cramer said. It happened in the '90s, and it can happen again.
People who were in the market in the '90s know what he's talking about, Cramer said, but the new hedge fund managers who only recently got into the game are actually shorting the stocks that Cramer believes will go higher. They see land mines, booby traps and the house of pain. But "not me," Cramer said. "I was there in the old days." "It's not a fluke or a sham," he said. "It's a reversion to the old days, to a time when growth was hallowed whenever it could be found, and rewarded over and over." In addition to his other horsemen -- Google(GOOG Quote), Amazon.com(AMZN Quote) and Apple(AAPL Quote), with a "special emphasis on Apple"-- some of the stocks Cramer likes are Garmin(GRMN Quote), First Solar(FSLR Quote) (which he said will be cheap in 2012), Ciena(CIEN Quote), Level 3 Communications(LVLT Quote), Corning (GLW Quote) and, for something more speculative, Nvidia(NVDA Quote). Cramer owns Corning for his charitable trust, Action Alerts PLUS. As for Crocs (CROX Quote) and Under Armour(UA Quote), Cramer said, "these stocks define momentum." As Cramer always says, "there is always a glorious bull market somewhere," and now we have so many to choose from that choosing is unnecessary.- Loading Comments...
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