This Day On The Street
Continue to site
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

Cramer's 'Mad Money' Recap: Investors' Inferiority Complex

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


NEW YORK ( TheStreet) -- Our inferiority complex is blinding us to what's driving stocks higher, Jim Cramer told "Mad Money" viewers Monday. Cramer said too many investors are being thrown off by U.S. worries and aren't looking at the world at large.

While it's true that many investors took President Obama at his word last month and prepared for an economy-shaking, sequester-induced panic, in reality most U.S. companies appear to be holding up fairly well. Small business may be slow to hire because of health-care fears but even the defense stocks -- those levered most to the federal government -- are still at 52-week highs, Cramer noted.

But for all the fears and concerns here at home, Cramer said nothing compares to overseas. The wealthy in Europe are fleeing European banks in favor of the safety and stability of U.S. banks. Meanwhile, in China, the economy is stalling once again, sending investors there looking to U.S. markets as well.

Finally, there's Japan, a country that's adopted a frightening strategy of doing anything it can to jump-start growth, even if it means hyper-inflation. That's sending Japanese investors to U.S. REITs, utilities, drug stocks and anything that's paying a sizable dividend, said Cramer.

So as bad as things may seem here in the U.S., it's easy to see why the rest of the world is helping to buoy our markets. There simply isn't a better place on Earth to invest.

Grabbing an Opportunity

It's clear that General Electric (GE - Get Report) wants to dominate the oil and gas service sector, Cramer told viewers. The company announced today it's buying Lufkin Industries (LUFK), sending shares higher by 37% in just a single day.

Cramer said people simply don't' understand how big an opportunity the oil and gas business is in America. He said that currently 9.6 million people are employed by the industry, accounting for a full 8% of GDP and growing rapidly. While fossil fuels may be seen as the enemy, oil and gas are still far cleaner than the alternative, coal, and with jobs so plentiful, why not embrace it for the time being?

1 of 3

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG
LCC $0.00 0.00%
GE $27.68 0.00%
JNJ $101.35 0.00%
RDN $17.78 0.00%
AAPL $132.54 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs