TheStreet.com TV Recap: Focus on Stocks, Not the Fed

Investors more interested in the Fed than stocks will miss out on some good opportunities, Jim Cramer said on TheStreet.com TV's Wall Street Confidential Webcast Tuesday.

"There's a daybook mentality to the media coverage [of the Fed], which is that we have these events so we must talk about them," Cramer told Aaron Task, the host of Wall Street Confidential.

Cramer believes market-players focusing on the Fed meeting might miss the opportunity to buy a Colgate (CL Quote) or sell a 3M (MMM Quote). ...