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NEW YORK (
) -- "It's my turn to set the record straight," Jim Cramer told the viewers of his "Mad Money" TV show Wednesday.
He said in a topsy turvy market like today, its prudent to take some time out to prove why all of the bears are wrong.
For weeks now, Cramer has been attacking the bears, the ones that are negative no matter what, the ones that think the sky is falling, and coincidentally, the ones that have been keeping investors out of the markets and costing them a fortune.
According to the bears, the Republican win in New Jersey yesterday occurred because of local issues. But Cramer said the election results are clearly a slap in the face for the Democrats, and make the healthcare stocks, like
, an even bigger buy.
According to the bears, Warren Buffet's purchase of
Burlington Northern Santa Fe
just shows that the famed investor doesn't know what he's doing. But Cramer said Buffet's bet on the U.S. economy is spot on.
According to the bears, there's both a bubble and crash coming in commercial real estate. But Cramer noted that there simply can't be both at the same time.
And the list goes on and on, said Cramer. The bears say retail sales were strong only because of unseasonably cold weather. The bears have no answer for why auto sales were strong. Weren't sales supposed to crash after Cash For Clunkers expired?
Cramer said these bears always think the world is coming to an end, but all they really do is cause you to miss out. "Listening to these bears is a great way not to make money," he concluded.