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NEW YORK (
) -- There are cross-currents galore in this market, Jim Cramer said on
Thursday, currents that make it almost impossible to determine whether the bulls or the bears have the upper hand.
Cramer said that after regaining some of its losses earlier in the week, he continues to scratch his head over which way the markets may be headed. Why? Because there are simply too many man-made events that could affect our future, and those in charge have little regard for how their actions will impact upon the markets.
Syria remains top of mind, said Cramer. After being told airstrikes were almost a certainty earlier in the week, today they may not be. Then there are the GDP estimates. Economists were expecting 1.7% growth, but today was reported a not-too-shabby number of 2.5%. The market's technicals broke down earlier in the week, but held their ground today. Confused yet?
deal to buy out its
partner was on, then off but now seems to be back on again.
said its organic foods were flying off the shelves but then
The Fresh Market
said the opposite was true.
Then there's our government's impending debates on the debt ceiling, the sequester and a possible shutdown -- debates that neither party in Congress realizes only hurts the economy and the stock market the longer they drag on.
So what's an investor to do? Cramer said if things go right, it could be nirvana but if they go awry it could very easily be a disaster for stocks. With no lifeguards on duty, Cramer said he's sitting on the sidelines and waiting until the coast is clear.
Executive Decision: Marc Benioff
In the "Executive Decision" segment, Cramer spoke with Marc Benioff, chairman and CEO of
(CRM - Get Report)
, a stock that's gained 676% since Cramer first got behind it in November 2008. Salesforce just reported an earnings beat of 2 cents a share on accelerating revenue growth.
Benioff reiterated that Salesforce is on track to have its first-ever $1 billion quarter next quarter, just a few years after booking its first billion-dollar year. He said Salesforce remains the number one customer service software vendor and is now also number one in customer service software as well.