Getting D.C. Out of the Way: Cramer
This post appeared earlier Tuesday on RealMoney. Click here for a free trial, and enjoy incisive commentary all day, every day.
Here's what we need from this election:
nothing
. Nothing, as in, I don't want to care about Washington anymore. I don't want to read the darned front page of the paper and worry about my
portfolio. As an investor, anything that gets Washington out of the world of stocks is a total win, and it sounds like we can have that total win.(To see live blogging election coverage on our flagship site,
TheStreet
,
.)
All I ask of the new Congress is to extend the tax cuts so we don't cut off the flow of blood that we need to augment Ben Bernanke's anti-deflationary work. Otherwise, I will settle for the obvious blocking of anything that either party wants, because I don't see where either party is offering anything as good as letting Bernanke do his work unimpeded.
Remember, in this column and on my show, I don't care about politics. I just care that politics stops intruding so that the CEOs who are doing such a great job can start hiring again, which is something I think they will want to do after the election, because all they really do is fear Washington's meddling. Washington has frozen business. Now it is time for Washington to be frozen itself.
That's all we need right now. I think we get it.
Random musings:
OpenTable
(OPEN)
roars as shorts get hurt. I still want out of it. ...
Wynn Resorts'
(WYNN) - Get Report
dividend is incredibly impressive. Nobody wants to short it and pay $8! ...I think
Marathon Oil
(MRO) - Get Report
is a vicious overreaction to the slowing of one field -- detailed in Action Alerts PLUS -- but the stock had run. ... If you own banks you simply can't outperform. Period.
At the time of publication, Cramer was long MRO.
Jim Cramer, founder and chairman of TheStreet.com, writes daily market commentary for TheStreet.com's RealMoney and runs the charitable trust portfolio,
. He also participates in video segments on TheStreet.com TV and serves as host of CNBC's "Mad Money" television program.
Mr. Cramer graduated magna cum laude from Harvard College, where he was president of The Harvard Crimson. He worked as a journalist at the Tallahassee Democrat and the Los Angeles Herald Examiner, covering everything from sports to homicide before moving to New York to help start American Lawyer magazine. After a three-year stint, Mr. Cramer entered Harvard Law School and received his J.D. in 1984. Instead of practicing law, however, he joined Goldman Sachs, where he worked in sales and trading. In 1987, he left Goldman to start his own hedge fund. While he worked at his fund, Mr. Cramer helped start Smart Money for Dow Jones and then, in 1996, he founded TheStreet.com, of which he is chairman and where he has served as a columnist and contributor since. In 2000, Mr. Cramer retired from active money management to embrace media full time, including radio and television.
Mr. Cramer is the author of "
Confessions of a Street Addict
," "You Got Screwed," "Jim Cramer's Real Money," "Jim Cramer's Mad Money," "Jim Cramer's Stay Mad for Life" and, most recently, "Jim Cramer's Getting Back to Even." He has written for Time magazine and New York magazine and has been featured on CBS' 60 Minutes, NBC's Nightly News with Brian Williams, Meet the Press, Today, The Tonight Show, Late Night and MSNBC's Morning Joe.
