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NEW YORK ( TheStreet) -- If the markets can reach all-time highs with so many companies reporting miserable quarters, imagine what's possible if things actually improve. Those were Jim Cramer's thoughts on "Mad Money" Monday as he opined on the seemingly dazed and confused averages that have been ignoring a plethora of bad earnings.
Cramer said just about all the major companies upon which investors have come to rely had bad things to say this quarter, including
(AMZN). With his charitable trust,
But the weakness continued into other stocks including 3M (MMM), AT&T (T) and Procter & Gamble (PG). Industrials including General Electric (GE) missed their numbers, as did health-care names such as Unitedhealth Group (UNH) and the banks, led by Bank of America (BAC). Restaurants including Starbucks (SBUX) were not immune to the market's wrath either, he said.But despite all of these earnings misses and dismal outlooks, the markets still rallied, and that's due to all of the other companies that didn't miss their numbers and are, in fact, doing quite well. That begs the question: What is the market capable of doing if all those companies that missed estimates are able to recover?