NEW YORK (TheStreet) -- On his Wednesday Stop Trading! segment on CNBC, Jim Cramer said he fears that the "long-side players have left the building," alluding to the weak stock markets despite positive signs in the business world, such as news that European banks may be firmer than the world had initially thought and Ford's (F) - Get Report announcement that it will be reducing its debt by about $4 billion.
"There's so much good news and this is all we can manage?" asked a puzzled Cramer. "When you get good news you should at least get a one percent rally."
Cramer acknowledged that the weak jobs news may have had a role in dampening the markets Wednesday, but he maintained that he doesn't believe that there will be a double-dip recession and thinks -- contrary to what seems to be the general market sentiment these days -- that houses will be built and job creation is possible. "I think some jobs will be created," he said.
More on Ford Cramer: How to Buy Ford
An example Cramer gave was the
IPO, which has generated much excitement in the investor community. "I think Tesla is overvalued," he said, yet "it's clear there is investor interest." That said, Cramer imagines a scenario where "the public goes crazy for it," the "government gets behind it" and Tesla creates "a lot of jobs."
XTO merger completed, Cramer on Wednesday thought up a scenario where the whole auto system would be powered by natural gas. At the same time, he pointed out that coal stocks are starting to rally over supply concerns partly triggered by recent coal-mining disruptions in Russia.
"I think coal's going up," Cramer said. "It's a story that's going to make money for you even though it's fossil fuel."
Towards the end of
, Cramer said that in light of Ford's debt reduction announcement, investors might want to take a better look at the "bizarrely misunderstood" Ford preferred stock, given that the automaker will also be paying out $255 million to fulfill quarterly dividends on its preferred stock, deferred since April of last year.
Cramer's Stop Trading!: Berkshire Hathaway
-- Reported by Andrea Tse in New York
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