NEW YORK ( TheStreet) -- Get used to stocks trading on growth, Jim Cramer told his "Mad Money" TV show viewers Tuesday. Growth generates earnings and earnings makes stocks trade higher, said Cramer, it's just that simple.
Cramer discounted the plethora of bogus analysis done by market pundits to explain a rising market. He called the notions of "risk on, risk off" and "pin the tail on the Fed" utter nonsense that results from lazy analysts failing to do their homework.Yes, Europe has been and will likely continue to be a factor for U.S. markets, said Cramer, but with strong fundamentals and a tailwind from the Chinese economy, the U.S. is strong enough to take on just about anything Europe can dish out. Add to that India, which surprised the world by cutting interest rates earlier today, and it's no wonder U.S. stocks were off to the races once again today. Cramer said whether its retail, technology or aerospace, things are simply better in America and the markets are just reflecting that fact.
Executive DecisionIn the "Executive Decision" segment, Cramer once again sat down with Charif Souki, chairman and CEO of Cheniere Energy (LNG), who just today received government approval to begin construction of a natural gas export terminal in Louisiana. Shares on Cheniere are up 115% since Cramer first spoke with Souki in June 2010. Souki said the next step for Cheinere, now that final approval has been given, will be to secure the $4 billion needed to build the facility and begin working on phase one of the project. That financing should be completed soon, said Souki, and Cheniere will be putting some 3,000 to 4,000 people to work shortly thereafter. When asked about the market dynamics around the globe for natural gas, Souki explained that in many parts of the world, oil is being used for power generation. "That makes no sense," Souki explained, which is why the market potential for natural gas is so enormous. He said the original deal for Cheniere's facility was calculated with $4 natural gas, but today prices fell to $1.95, making the project even more of a windfall.
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