Jim Cramer fills his blog on

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every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

  • negative nellies,
  • Research In Motion's comeback, and
  • how the press got it wrong on retail.

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Negative Nellies Are At It Again

Posted at 9:47 a.m. EDT, Aug. 3, 2009

They can crank out negatives as fast as the positives can overrun the previous negatives. Consider just this morning: "Cash for Clunkers" is doing nothing really good for the economy, the REIT rally is facing a challenge, real estate, small stocks' run is set to pause, buyout groups face a $400 billion fight to survive, higher taxes will derail the economy, and, of course, we have no new jobs as companies keep firing people to make the numbers.

Wow. Shoot me.

I am looking at it totally differently: Rates are staying low while the economy goes from less bad to getting better -- thanks

Ron

, although even Ron's worried about something: the blow-off! Copper is off and running again after a two-week hiatus, signaling that China's still pumping out jobs and money. Money's coming into the market. The Mobile Internet Tsunami won't quit, thanks to

Apple's

(AAPL) - Get Report

iPhone and other smartphones. The earnings are excellent. Auto sales are jumping to an 11 million build up from 8 million, a gigantic percentage increase. House price stabilization has rolled around the country, and even though I hear the high end being hurt, I say, who cares? Those people have plenty of equity in their homes and many times banks don't even mind taking down that inventory. (Ask

Hudson City

(HCBK)

if you disagree with me).

Plus, we have a host of retail upgrades today, never done idly ahead of a months' numbers, telling me all of that negativity about no back-to-school sales is just so much garbage.

And you know what? I love the negatives, but let's face it -- they are endless and don't ever stop coming even as one by one they get knocked out by the recovery.

I am all for skepticism and I want to have my optimism reined in by the facts, but I just don't have enough facts on hand to go negative. The oscillator's strong and too high, and that matters. August and September can be bad months. But those are technicals.

I am coming down similarly to my friend Bert Dohmen from the Wellington Letter: Do not get in front of this bull for now.

It will run you over.

Coming on top of the best July since 1997, we're in pretty amazing shape. Remember the 1996 example of the last long up streak: a gigantic move.

I think it is in the process of happening again, with new money flooding in, even in August.

Strength. Period.

Random musings

: Am I scared of a

melt-up

? I am always willing to take a melt-up provided that you scale out into it, which, historically so few are willing to do. ...

Google

(GOOG) - Get Report

has shaken off its last quarter, I think because of the return of advertising, a cyclical biz. ...

Fifth Third

(FITB) - Get Report

is incredible. It's what happens when you over-reserve, which is what people want to see. ... Can someone tell me why Roubini is still quoted? But then again, they quoted Joe Granville for years after he had anything to say.

At the time of publication, Cramer had no positions in the stocks mentioned.

Research In Motion Makes a Comeback

Posted at 1:13 p.m. EDT, Aug. 4, 2009

OK, I admit it -- I can't believe where

Research In Motion

( RIMM) has gone back to.

This company reported a weak quarter. It is clear that it has to spend more to keep up. It is clear that it won't make as much money per phone as it used to. It is clear that it is being trumped by

Apple's

(AAPL) - Get Report

iPhone and could be beaten by

Palm

( PALM) if the Pre gets some good applications.

This is amazing to me. The market is so forgiving if the thesis is right and in this case the thesis is the best one out there -- the mobile Internet.

Some of this must be the momentum of a great product being pushed by a great company. I am talking about

Verizon

(VZ) - Get Report

, a much-loved network, selling BlackBerries and not the iPhones -- although that may change as we have heard over and over rumors that Verizon could be "getting" an iPhone to sell.

But most of it is about how anything that can give you streaming media and a cool keyboard and phone calls -- a mini PC -- is going to have adherents and you can't keep a good company, and a powerful stock, down.

I have been wrong about this one. I didn't think it could come back. As it is about to take out its high, I sit back and marvel about how wrong I was and how a bad quarter in a good sector is just overlooked as the buyers come back expecting the problems to be cured, not exacerbated, the next quarter.

Random musings:

So yesterday

The Wall Street Journal

talks about the coming commercial REIT crash and how you need to sell 'em. Of course today they are on fire, and I am amazed at how short-sighted the piece was.

Brandywine

(BDN) - Get Report

,

Boston Properties

(BXP) - Get Report

and

Federal Realty

(FRT) - Get Report

all just zooming. This stuff drives me crazy. ... The bank rally is, again, about embracing cyclicality, as you can see by the runs in

US Bancorp

(USB) - Get Report

and

BB&T

(BBT) - Get Report

. These are beginning to be valued on some sort of normalized earnings and are the best plays off the pending housing sales number, as I said to Debra Borchardt today on

TheStreet TV

...

At the time of publication, Cramer had no positions in the stocks mentioned.

The Press Got It Wrong on Retail

Posted at 2:12 p.m. EDT, Aug. 6, 2009

Here's what I want to see tomorrow in the newspapers: "Dear readers, we apologize for writing that there will be no back-to-school season this year. After reviewing the numbers from

Kohl's

(KSS) - Get Report

,

Abercrombie

(ANF) - Get Report

,

Target

(TGT) - Get Report

,

Gap

(GPS) - Get Report

,

Macy's

(M) - Get Report

and

JC Penney

(JCP) - Get Report

, we have to admit we were wrong. Back-to-school is looking very big, and given the low inventories, the cash flow could be tremendous here."

Think back to last week, when the press was declaring back-to-school moribund. Forget the fact that kids had just gotten off

from

school, so the gun-jumping was palpably stupid, it was also totally and prematurely wrong and based on nothing.

Consider

Urban Outfitters

(URBN) - Get Report

, long one of my favorites, and not just because I have one down the block from me. Urban said things are going to be tough, Urban said things will be down, but they were only down 6%. Wrong to say

only

? Think about how much better the world was a year ago. That was

before

Lehman

. That's when we thought we were almost out of the morass. There were big comps last year. Being down only 6% is a gigantic achievement.

Now, I know how unpopular this market is. I get that.

But can we just praise companies that are down single digits when our industrial companies are almost uniformly down 20%? Given the woes we have heard about the unemployed consumer who has no credit and houses sinking faster than the one at the end of Carrie, I think it's pretty darned good, and the press owes us all an apology.

Random musings

: Why does

Boeing

(BA) - Get Report

go up? I don't like to short coiled springs, but does someone know something I don't know about the Dreamliner?

At the time of publication, Cramer had no positions in the stocks mentioned.

Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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