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
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Jim Cramer's Best Blogs

Stocks in this article: FFIV

NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

  • Friday's unusual stock market activity; and
  • what F5 Networks' blowup means.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.


The Market Fooled Everyone Today

Posted at 4:05 p.m. EDT on Friday, April 5

You can tell for certain what "they" like on days like today. "They" (meaning the collective wisdom of the market) love real estate investment trusts and the utilities, both of which "they" regard as yield equivalents backed by hard assets.

We may think this is all Ben Bernanke's doing, but I think that's so wrong. In fact, rates are where they are now because they are the world's safe haven -- except the rich people around the world who want a little extra yield. Plus, remember that this week President Obama moved on making foreign pension plans exempt from U.S. taxes on real estate trades, meaning they no longer pay taxes when they take profits on REITs. So the money's going there aggressively.


We are also witnessing an astonishing rally in the financials that makes little sense other than they have been down a lot. They don't have the yield, they don't do well in this yield environment and they are most likely going to disappoint when they start reporting, which is as soon as next Friday when we hear from JPMorgan Chase (JPM) and Wells Fargo (WFC). The only explanation I can see is that there's a (nascent) return to the housing trade, perhaps because we know rates are going to stay low and refinancings are going to be remain easy. If you believe this, go buy Radian (RDN) and Toll Brothers (TOL) as they have the most upside.

The transports and materials companies? They were hammered hard ahead of the number, so you can see people saying, "Ah-hah, now we know why they were down. So we can go buy them." I get the first. The second? I don't know. I fear the earnings.


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

Markets

DOW 18,062.57 +8.86 0.05%
S&P 500 2,093.16 +4.39 0.21%
NASDAQ 4,809.2020 +2.3430 0.05%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs