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
TheStreet Open House

Cramer's 'Mad Money' Recap: A Good Year After All

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

NEW YORK ( TheStreet) -- It's time to stop and smell the roses because for all of the doom and gloom that shrouded 2012, it turned out to be a pretty good year after all, Jim Cramer told "Mad Money" viewers Wednesday.

Cramer said that while the naysayers have already turned their sights on the next battle in Washington -- the debt ceiling -- normal investors should take a moment to pause and reflect on all that actually went right in 2012.

Just last week we were facing the possibility of higher taxes for all, fewer incentives for investing and an almost guaranteed recession. But today, all of those things are in our rear-view mirror, Cramer said. While no one is happy with the deal we ultimately got, it brings a certainty to the market that it desperately needed.

There were a lot of things that went right in 2012, Cramer reminded viewers. He said the housing stocks came back to life as did the financials, two key sectors for the American economy. Technology was also able to end the year on a high note. As today's acquisition of Zipcar (ZIP) proved, mergers and acquisitions also remain alive and well, all great things for 2013.

Cramer said there are always plenty of opportunities out there, which is why he's always taken heed of the skeptics but ignored the cynics. He said only those investors who can see through the Washington smokescreen will be able to see 2013's diamonds in the rough as they begin to appear.

Off the Charts

Where are the markets headed in 2013? Cramer went "Off The Charts" with analysis from colleague Bob Lang to find out. Lang took his cues from the PowerShares QQQ (QQQ), which tracks the Nasdaq100 and the iShares Russell 2000 (IWM), which tracks the small-cap stocks.

Using a monthly chart going back to 1999, Lang noted the Nasdaq is now within 50 points of its all-time high, in 1999. He said if the QQQ can break out above $70, there will be little resistance and smooth sailing thereafter. A weekly chart of the QQQ showed similar bullish trends, with a clear consolidating occurring during the end of the year, but the MACD momentum indicator still pointing into positive territory.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!
F $15.98 0.00%
EWJ $12.73 0.00%
EWW $58.16 0.00%
EWZ $30.29 0.00%
FXI $43.10 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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