Cramer's 'Mad Money' Recap: 10 Tailwinds for a Depressed Market (Final)
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NEW YORK (TheStreet) -- "Don't freak out over Ben Bernanke's negatives," Jim Cramer told the viewers of his "Mad Money" TV show Wednesday. He said the Federal Reserve chairman's testimony before Congress today may have pulled the markets lower, but there are still a lot of things going in our favor. Cramer identified 10 tailwinds that are now swinging in favor of higher, not lower, stock prices going forward. They included: 1. China's Comeback. Cramer said the Baltic Freight Index is on the rise thanks to returning demand for just about everything from China. 2. Brazil's Strength. The growth in Brazil is positively impacting the earnings of many companies. 3. Europe's Stabilizing. The fears about Europe have not been showing up in corporate earnings as expected. 4. Financial Regulation. With regulations finally done, the banks can finally breath easy. 5. Washington's Gridlock. With Republicans gaining in election momentum, the resulting gridlock in Washington will be great for the markets. 6. Bernanke's Plan. Super low interest rates and no inflation have created the perfect environment for companies to grow. 7. Tech's Titans. From Apple (AAPL), a stock which Cramer owns for his charitable trust, Action Alerts PLUS, to Eaton (ETN), strong corporate earnings are everywhere. 8. Stock Valuations. "Stocks prices are the lowest I've seen in 30 years," Cramer said. 9. Bears abound. Sentiment is terrible, he said, adding that means a lot of sellers to convert into buyers. 10. Chartist's Delight. As we pass by the one year anniversary of many of the markets' troubles, stock charts begin to look better and better to the technicians. For all of these reasons, Cramer said the markets are still the place to be when it comes to your portfolio.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
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