Jim Cramer's Portfolios of the Week
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PEWAUKEE, Wis. (TheStreet) -- According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday's "Mad Money" TV show, Cramer said if you listen to the bears, you're going to miss out on some tremendous opportunities. He explained that the negative spin the bears are putting on the market seems to be dismissing every bit of good news we get. However, Cramer started his TV show for times just like these so he can expose the lies and protect investors from the rash of pessimism. One of the lies the bears are spinning is that Warren Buffett doesn't know what he's doing after the investment guru announced he was buying Burlington Northern Santa Fe(BNI). Cramer said Buffett's move was a major bet on the strength of the U.S. economy and it's spot-on. The bears have also been sounding the alarms that a crash and a bubble are coming for the commercial real estate market. Cramer explained that there can't be both at the same time. Plus, the same people who've been predicting a crash in commercial real estate are now part of the bubble call. Cramer called this a "glaring contradiction." "The list goes on and on," Cramer said. He pointed out that the bears always think the world is coming to an end, but all that does is cause investors to miss big moves in the markets. Cramer warned viewers to watch out for the constant drumbeat of skepticism that comes from Wall Street bears because it will cost you money making opportunities.TheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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