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
TheStreet Open House

Cramer's 'Mad Money' Recap: Balancing Act (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) -- "Yes, I worry," Jim Cramer told his "Mad Money" TV show viewers Wednesday, as he outlined the concerns that keep him up at night, as well as those that don't.

He said that any good investor always needs to ask themselves, "what could go wrong?" That holds especially true as the markets are surging higher.

Cramer said the first thing that keeps him up at night is the looming crisis between Israel and Iran. He called the rising tensions the "elephant in the room," and not one to be taken lightly. With the European economy still slowing and the U.S. producing more oil than in the past decade, he said oil sanctions against Iran may not be enough.

Similarly, Cramer's worried about the price of gasoline. He said that $4 per gallon has always been the breaking point for Americans, the point when there's simply not enough money left over for dining and shopping. "We need gas lower," he said simply.

Third, Cramer said he's concerned with taxes going up. Federal Reserve chairman Ben Bernanke said taxes were a concern, and Cramer said if Bernanke is worried, then he is too.

Fourth, Cramer said he's worried about all of the perma-bears, the naysayers for the last 6,500 Dow points, who are now turning bullish on the markets. When there's nobody left selling, noted Cramer, that's the time to worry.

Finally, Cramer said he's worried about a sell-off on either good or bad news about the Greek debt situation. With the markets rising in the face of the continuing crisis, Cramer said he expects investors to use any resolution to take profits.

But there are also some things Cramer said he's not worried about. Cramer said he's not worried about earnings, for one, as they're terrific. He said he's also not worried about politics. In a simple explanation, Cramer said if Obama wins, then things must be getting better, and if he doesn't, then our president will likely be someone the stock market likes better.

Cramer noted he's also not worried about so-called "stretched valuations." He said that stocks are only expensive when looking through the prism of the past few years. Looking ahead, those valuations are not stretched in the least, he said.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

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