The new high set this week by the
Dow Jones Industrial Average
shouldn't be minimized by experts in the financial markets, Jim Cramer said on
"Stop Trading!" segment Wednesday.
Even if Wall Street doesn't see it that way, for Main Street the health of the Dow equals the health of the market, he said. "I think this Dow is a tell," he said. "It's a tell for what will happen."
Cramer said the keepers of the Dow indices have done a remarkable job by including in the DJIA companies that are the "generals that are going to be followed by their soldiers.
"I salute the people who put it together, because it does represent the best of what we have in America," he continued.
As for individual stocks, Cramer mentioned only
, of which he spoke highly. Shares of the coffee chain, currently around $35 and change, will go to $40 or $45 each, he believes.
At the time of publication, Cramer had no positions in stocks mentioned.
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