Cramer's 'Mad Money' Recap: A Bit of Good News
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NEW YORK ( TheStreet) -- Take Washington off the table and the news out of the markets is actually pretty good, Jim Cramer said on "Mad Money" Wednesday. Cramer said that sometimes the positive news is even good enough to shake off the negativity and offer up a nice rally such as we saw today.
Investors should still be playing it cautious, said Cramer, and selling into strength to raise cash. But at least for today, investors should also take a moment to appreciate the many things that are actually going right in the market.
Take autos. Cramer said
(F), a stock he owns for his charitable trust,
3 That Deserve SuccessSometimes too high is not high enough, Cramer told viewers. That's certainly true for stocks LinkedIn (LNKD), Yelp (YELP) and Zillow, all of which had strong IPOs back in 2011, followed by a short period weakness, before shrugging off the naysayers and propelling themselves ever higher. Cramer said that many thought LinkedIn was a fad in 2011 but since its lows revenue have increased 400% and earnings could double again next year. Zillow also proved the naysayers wrong and has been posting remarkable growth since its IPO in July 2011.
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