This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: Media Mistakes

Stocks in this article: BAC BMY PPG

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


Jim Cramer told viewers of "Mad Money" TV show Friday that the media has been preoccupied with the bear market in its stories.

He said the press usually dwells on controversy at the expense of positive stories about the market. Thus, while the media focuses on how rising bond yields are choking off the recovery, the market continues to surge higher in typical bull market fashion, he said.

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

Cramer mentioned 10 stories the media has missed.

1. While seen as a negative by many, a weaker collar is all part of the Federal Reserve's master plan and is a boon for companies competing overseas, he said.

2. There have been two months of rising home prices in California. There is life in the housing market if you know where to look, he said.

3. Despite the headlines, consumers are still shopping but they're playing it smart and putting their money where the bargains are, he said.

4. The tech rally is getting stronger and broader, he said.

5. Stocks are not being rocked by bad news, he argued. Instead their prices are holding steady or heading higher and that's bullish, he added.

6. Runaway commodity prices does not equal hyperinflation, he said. Cramer sees some increased demand and some speculation going on, but he does not see hyperinflation in commodity prices.

7. New equity is being absorbed, he said. Almost 70 billion of new equity were issued by banks and others in May, and the market absorbed it all with flying colors, he said.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs