Market players are seeing disappointing results and not taking any real action off of them, Jim Cramer said on his
"RealMoney" radio show Thursday.
There have been disappointing numbers from
, which tells Cramer that inventories must not be selling.
In the last few days, retailers have been down because business wasn't good, he said. But now, perhaps these companies are done going down.
"I want to own them because it's going to be a good Christmas," Cramer said. "You have to own these stocks before Christmas."
"I keep saying to myself that I am a bull, yet I keep thinking that stocks with bad numbers, whether they be
( ASD) will go down and stay down," Cramer said. "But they haven't." Cramer owns Ingersoll Rand for
Action Alerts PLUS, his charitable trust.
"The market is forgiving," he went on to say. "It may be down five straight days, but it's not nightmarish and there are buying opportunities."
Mutual funds, companies that tend to have their fiscal years at the end of October, try to take as many losses in October to balance their taxes, said Cramer.
Then in November, they have to ring the register, Cramer explained.
We're in the period where mutual funds are selling right now, he said.
Every week readers of
vote on the stock they most want Cramer to talk about. This week's "Cramer on Demand" stock was
"It is very true that there was a tremendous amount of overbuilding of fiber lines in the 1990s," he said. "Every phone company was laying down fiber lines."
Cramer predicts that a year from now, the glut of fiber will extinguish, and we will need a giant amount of new fiber.
Level 3 Communications
is his speculative play for the demand for fiber, and
and Corning are his regular plays for this sector.
Corning is "right, cheap" and Cramer would buy it right now.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Ingersoll Rand.
Jim Cramer is a director and co-founder 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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