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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Cramer's 'Mad Money' Recap: The Bears' Negative Script (Final)

Stocks in this article: IMGNHGSIGS

Click here for an archive of Jim Cramer's Mad Money recaps. Click here to get Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.


NEW YORK ( TheStreet) -- "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 Wellpoint (WLP), an even bigger buy.

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

According to the bears, Warren Buffet's purchase of Burlington Northern Santa Fe (BNI) 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.

1 of 3

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 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

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