Cramer's 'Mad Money' Recap: Heinz Shines
On the company's outlook, Ward said that he still sees a vibrant market for railroads, citing, in particular, the export coal market. He said the coal market is not dependent on the value of the dollar, but rather on strong demand from China.
Make Something Happen
In the "Outrage of the Day" segment, Cramer told the management of Lehman Brothers (LEH Quote), to "get off my front page." He urged the company's leadership to decide on a plan of action for the company and execute it. Cramer reiterated again that no one wins from perpetual delays and speculation. With so few traders trading during the height of summer, Cramer said the bears run rampant on stocks with no direction. "We're all tired and burnt out," said Cramer, "We need a resolution."Cutting Through the Gloom
"This is one of the most challenging periods in my 30-year trading history," Cramer told viewers. He said that the doom and gloom in the market is palpable and the negativity almost alarming.
As an example of that negativity, Cramer displayed a headline in a Wall Street Journal article, which alarmingly pointed out that prices for home heating oil are on the rise.
Cramer questioned why the headline shouldn't have been that prices for natural gas, which is what heats most homes in the U.S., will be lower this year than last year. He also wondered why the article didn't mention that people are switching from oil to gas in record numbers or that the switch is easier than most people expect.
He told viewers not to dwell on conventional wisdom and negativity. Rather he returned to his mantra that "there is always a bull market somewhere." He said that those who laugh at this notion are just wrong. "It's too expensive to listen to the negativity," he said.
Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.
Read more of Cramer's Mad Money Lightning Round insights.
For "Mad Money" performance statistics and other links, check out Mad Money stats
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