NEW YORK (TheStreet) -- How will stocks fare this year, TheStreet's Jim Cramer was asked via Twitter?
In responde Cramer pointed to his Real Money article predicting equities could return as much as 14% to 16% this year.
That doesn't mean stocks will do that well, he continued. Cramer wasn't surprised by the weakness in the first few trading days of January given that many investors were likely taking profits after the year-end spike in stock prices.
Cramer thinks investors are now waiting for Friday's nonfarm payrolls report for a buying opportunity.
Asked about Twitter (TWTR) - Get Twitter, Inc. Report, Cramer called it a "love stock" and said he cannot come up with a valuation for it. He said he's "proud" of analysts for not making up reasons to buy the stock near these levels because there are none.
Cramer said SIRI could take out its 52-week high of $4.18 if the company told LMCA, its majority shareholder, that it will have to "pay up" if it wants the rest the company.
-- Written by Bret Kenwell in Petoskey, Mich.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.