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NEW YORK ( TheStreet) -- Does the mainstream media dwell on the negatives and ignore the positives? Jim Cramer told "Mad Money" viewers Monday that the answer is a resounding "Yes!"
Cramer said the media almost totally ignored today's news that Standard & Poor's upgraded its outlook for U.S. debt from negative to stable. Yet, this is the same media predicting the demise of America when S&P downgraded U.S. debt to AA+ just over a year ago. The media only care when things are going down, but seemingly ignore any and all good news, noted Cramer.
The same holds true for individual stocks. Cramer said the media haven't had many positive things to say for the past 5,000 points on the Dow Jones Industrial Average.When it comes to Europe, it's more of the same. Things are getting better in Europe, said Cramer, yet the media remain silent on everything from the stabilizing of unemployment in Spain to the recent increase in French industrial production. Earnings have been better than expected in the U.K., Cramer added, which is why Royal Bank of Scotland (RBS) remains one of his speculative picks for 2013. Cramer said it's all to easy to lapse into negativity, but that doesn't mean that things are indeed all negative.