Cramer's 'Mad Money' Recap: Ignoring 'Good' News (Final)

Stock quotes in this article: CKR , EMR , GILD , CLF , GWW , DSX , FRO , NAT  

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


"Why does nothing positive ever matter," Jim Cramer asked the viewers of his "Mad Money" TV show Friday.

Cramer once again turned his sights on the business media, which seems to never have anything positive to report.

According to Cramer, the fact that JPMorgan Chase (JPM Quote) and Goldman Sachs (GS Quote), two stocks which Cramer owns for his charitable trust, Action Alerts PLUS, along with , Morgan Stanley (MS Quote), want to pay back $50 billion of TARP money should've been big news today. "This is money we never thought would see the light of day," he said.

What about the fact that Bank Of America (BAC Quote), a bank some thought should be nationalized just a few weeks ago, was able to raise $33 billion of capital on its own? Cramer said this too should've been news.

So should the fact that Chrysler is in bankruptcy, and General Motors (GM Quote) is likely to follow, but the two automakers haven't taken the entire economy with them. "This is great news," he said.

Cramer Clearing House All things Cramer Mad Money Recap Trade With Cramer Free

None of these stories seem to matter, and that's the media's fault, he said. In their efforts to sensationalize the news of the day, good news rarely gets the same treatment as bad news, he said.

In fact, trusting the journalists' perspectives can be deadly. Cramer told viewers to always look at the big picture. "The goals of the press and the goals of investors, are not the same thing," he said.

  • Loading Comments...
  •  
< Previous
1 2 3

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,497.27 1,113.26 2,209.14 35.50
Oil *
71.89
UP
25.77
UP
6.85
UP
18.83
UP
0.10
10 Yr
3.55%
SPDR Gold
110.22
+0.25%
+0.62%
+0.86%
+0.28%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services