This Day On The Street
Continue to site
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

Some Lessons; Averted Crisis: Cramer's Best Blogs

Now, we may want to say that we are having one giant do-over in our markets. But that would be false. Interest rates have not come down. Mortgage rates have gone up by a third. We will soon see a dramatic decline in refinancings. The bond funds have produced hideous losses -- that is, if you sell them. The 10-year is not back under 2%, it's up at 2.5%.

And even within the stock market, we don't have the same stocks going higher. Sure, there's been a bit of recovery in the so-called bond-equivalent stocks that were being crushed by the increase in yields. But we are seeing a headlong rush into the cyclicals and into the regionals and into any technology. We can only imagine what could happen if we actually had an up day in China after seven straight down sessions.

So, while it may look like we averted a crisis, a crisis that did have people panicked last year, two things have happened. One, we saw what occurs if we really have the end of bond buying, and it is plenty ugly. You have to scale out of what has been hurt right into this rally: anything emerging markets, as well as stocks in the housing-related cohort, which will be slowed by the dramatic increase in mortgage rates and the higher-yielding stocks that will not be competitive with bonds as they go higher. And two, it's time to get more industrial, more cyclical, because those, not the bond-yield equivalents, are where the values are.

Crazy Like the Fed

Posted at 10:36 a.m. EDT on Tuesday, June 25

Did Ben Bernanke get it right again?

We all think that he handled the signals about QE3 tapering with a level of ham-handedness that was out of synch with his masterful ways. But how about if he saw a raft of better-than-expected news coming out -- news about home sales being strong, news about consumer confidence being high, news about home prices advancing rapidly, news about durable goods being better than expected -- and he knew he had to get ahead of all of these positives to avoid being run over by the market itself.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

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
  • 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 serious 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

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
Real Money
Try it NOW

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs