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
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Cramer: 'You Should Have Been Long'

This article originally appeared Sept. 3, 2013, on Real Money. To read more content like this, + see inside Jim Cramer's multi-million dollar portfolio for FREE Click Here NOW.

It's easy to suspend belief. Last week was one of those world-coming-to-an-end weeks that we get about five or six times out of 52. The last few earnings reports were not so hot. The charts showed wreckage abounding. President Obama was hell-bent to start a war with Syria, and the 10-year U.S. Treasury bond threatened to hit 3% once again. (Wouldn't it be great if it just got there already?) The banks were rivaling the techs for ugliness, and the only upside was a vicious short squeeze in Saleforce.com (CRM) as the bears were ousted at last.

Now, with Syria sidelined for the moment and with China dishing out some good news signaling the end of something or other, we've gotten a reprieve. Plus, we just got a Verizon (VZ) deal that's so huge, so immense, it's like a government-injected works program. Meanwhile, Microsoft (MSFT) has caused Nokia (NOK) -- one of my favorite speculative plays -- to go up huge while doing no favors for itself! How can you not like what that does to the spec juices?

Still, it's easy to see why no one is buying this. If I were coming in short today, I would say the following:

1. China is all phony, and we know that's because things are terrible there, and one number doesn't change things. (That's now an evergreen answer.)

2. Japan is in the grips of a new wave of taxes.

3. India is horrendous.

4. Employment numbers are due out Friday, and those numbers will send the 10-year to 3%, which will lead to a stock-market drop of enormous proportions.

5. It's the Jewish New Year, and don't always stocks go down then?

Of course, if you are short you must, must, must proclaim the phoniness of it all.

At moments like this, though, I always default to Karen Cramer reasoning. One: it's better to be lucky than good. Two: you should have been long, moron.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in the securities mentioned.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management 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 extraordinary 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

Jim Cramer's protege, 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
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
DOW 16,398.23 -26.62 -0.16%
S&P 500 1,863.45 +1.14 0.06%
NASDAQ 4,094.3850 +8.16 0.20%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs