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

Cramer's 'Mad Money' Recap: Armageddon Fears Overdone (Final)

Stocks in this article: ANR JNY CLR MIPS SNDK OMX SPLS

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) -- "I'm giving this market the benefit of the doubt," Jim Cramer told his "Mad Money" TV show viewers on Monday.

He said after a run of notable achievements, including a recent streak of stellar up days, the markets should be forgiven for giving back some of its gains.

Why is Cramer still bullish? He said the huge number of 52-week highs is a good place to start. Cramer said stocks like his F.A.D.S.C.A.N. group of high-growth stocks are delivering tremendous gains.

They include F5 Networks (FFIV), up 50%; Amazon.com (AMZN), up 81%; Deckers (DECK), up 96%; and Salesforce.com (CRM) up 66%. He said these stocks have delivered their gains in the face of Chinese inflation, Greek debt default and an earthquake, tsunami and nuclear crisis in Japan.

Cramer said he's also bullish because the markets have had a 7% run recently, and that means some profit-taking in certainly in order. He said there are still problems out there, like the U.S. debt ceiling issue, but others, like the newly minted Italian debt concerns, may be overblown.

Cramer said the market need to be forgiven for a few down days, they've certainly earned them.

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!

Markets

DOW 18,086.73 +56.52 0.31%
S&P 500 2,092.02 +10.14 0.49%
NASDAQ 4,813.5130 +40.0410 0.84%

Brokerage Partners

Rates from Bankrate.com

  • 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