This Day On The Street
Continue to site
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

Cramer's 'Mad Money' Recap: Trading on Data Points (Final)

Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.


NEW YORK ( TheStreet) -- "The economy's not great, the economy's not horrible," Jim Cramer told the viewers of his "Mad Money" TV show Thursday, as he tried to convey what trading in a mixed market is really all about.

Cramer said he really doesn't care what Friday's GDP number brings, nor did he care about the housing numbers from earlier this week. He said he's not surprised by any of the daily economic data that's being released. Why? Because the market is mixed, and that means its darn near impossible to make sense of just about anything.

Cramer said the obsession with whether we're entering the dreaded "double- dip" recession is comical, as there's clearly not enough data to know. The markets are trading on every little data point, he said, yet you can make a bull and bear argument for every one of them.

Cramer said in retail, some stores like Urban Outfitters (URBN) are doing well, while others, like Guess (GES), aren't. Sectors like aerospace is on fire, he said, while others, like medical equipment, are not. Price earnings multiples are low compared to earnings, but with a lower GDP the multiples seem too high.

Sometimes there's nothing actionable to trade on, said Cramer, even though everything may sound like it is.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.95 0.00%
COST $145.39 0.00%
CIB $44.93 0.00%
GPRE $31.02 0.00%
MELI $145.35 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs