This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: Buffett vs the Bears (Final)

Stocks in this article: BGS ACW FIRE CAT PAL MDR CMI OCLR

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

NEW YORK ( TheStreet) -- "Everything Warren Buffett said today on CNBC is wrong," Jim Cramer told the viewers of his "Mad Money" TV show Wednesday.

Cramer said that's the case if one listens to the endless negativity of the media. He noted that while the disconnect between media and Buffett's views on the world may make him look like an idiot, the idiots are the only ones making money.

Buffett said he likes investing in America and feels the economy is resilient. Compare that to the media, which feels America is lumbering along, and China is the place to be, Cramer said.

Buffett also said he's prepared to make a big acquisition, perhaps something in the steel or home-related business. Yet the media constantly tells us everything is overvalued, and not just by a little, by a sizable amount.

Buffett, by all accounts, is pretty optimistic on the economy despite all the media reprots about $100-a-barrel oil and unrest in the Middle East. Buffett said he's happy with his purchase of railroad Burlington Northern, a company the media feels Buffett overpaid for.

Cramer said if we're to listen to the media, Buffett is just dead wrong on all counts. But he feels the Oracle of Omaha may just be onto something.

He said the media, and its failure to recognize anything positive, is wrong and its negativity is only preventing investors from making money. Buffett, he said, can see through the media and is prepared to make a lot of money in 2011.

>>View Warren Buffett's Portfolio

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!


DOW 18,090.18 +59.97 0.33%
S&P 500 2,091.86 +9.98 0.48%
NASDAQ 4,812.4210 +38.9490 0.82%

Brokerage Partners

Rates from

  • 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