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NEW YORK (
) -- "Stop worrying and get long," Jim Cramer told the viewers of his
TV show Thursday.
He said the buyers are clearly in control of this market, and they're looking at the world through rose-colored glasses.
Cramer said even he thought the markets would be down today, with unemployment claims still too high, bank earnings too low, commodity price inflation and for-profit colleges once again in the meat grinder. But he said the market had other ideas and turned the negatives into positives.
Cramer told investors they need to look at the bigger picture. A ban on home foreclosures may be bad for the banks, but its good for retailers who can capitalize on consumers with extra cash in their pockets. He said
are two that should go well.
With unemployment still too high, Cramer suggested buying
With commodities heading higher, he said why not invest in gold, or copper or silver. And with the growth opportunities being stripped from the for-profit colleges, he why not look into sectors that have growth, with companies like
, a stock which he owns for his charitable trust,
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"The silver linings are everywhere," said Cramer. Even
, the most heavily shorted stock last month, now may be the most valuable as news of a possible break up of the company surface.
"Look for opportunities" because they're out there, said Cramer.