NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- What lies ahead for stocks, and
- The dilemma presented by lower interest rates.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Posted at 2:56 p.m. EST on Friday, May 16, 2014
We know from earlier this week that David Tepper, the amazing hedge fund manager, has gotten a little nervous and is more about preserving capital than trying to make more on it.
His cautious comments and the weirdo bond market were behind the not-so-hot-for-the-bulls action these last couple of days. Makes sense; we've seen him be bullish when others were bearish, and he made a ton of money betting against the bears. Now it sounds like the opposite is happening, although we can't be sure, because everyone is entitled to change his mind.
Then today on Scott Wapner's "Fast Money Halftime Report," we heard from Laszlo Birinyi, a mild-mannered manager whom I have listened to since the mid-1980s and who has almost never steered me wrong. He said he maintains his bullishness, and that a lot of what people are freaking out about, such as the collapse of many of the tech companies, doesn't bother him, given how they represent such a small part of the market. This has been my view for some time, that Workday (WDAY - Get Report)
Me, I am mixed. I want to burn off some days here with some back-and-fill, where only companies that have real earnings growth get taken higher, including the ones that report next week. I just don't see anything huge on the horizon from stocks, although I do expect that the Ukraine elections in a week could spur "escalating tensions" and give you a better chance to buy.