"At last, the bumbling Bush Administration is behind us," Jim Cramer told viewers of his "Mad Money" TV Show Tuesday. While the regime change in Washington isn't going to make everything better, Cramer said there are 10 things that could possibly go right this year, and that means investors should at least be a little more optimistic about their economic futures. Cramer said there could a steep price to pay for being too pessimistic in 2009, and that while he believes there is still a lot to fear, any one of these 10 things, or even a few of them, might come true and help put the global economy back on track. First, Cramer said the markets could have a big rally in 2009, just like it did in 1933 after the horrific 1931 market collapse. In 1931, he said, the market dropped 52% and 23% in 1932, before it rebounded 66% in 1933 as a new administration took office. Second, he held fast to his prediction that the bottom to the housing market will be reached by summer. Third, Obama could fix the housing problem by giving homebuyers a tax credit and buying up foreclosed mortgages. Fourth, China could come back with a huge stimulus and be the engine for the world. Fifth, If gas prices stay low, states could raise taxes and lower their budget deficits. Sixth, Obama's stimulus package might actually work, with roads and bridges paving the road to a recovery. Cramer turned to the auto stocks for the seventh favorable scenario. He said that the government could force one of the "Big Three" out of business or initiate a merger, allowing the remaining automakers to actually make money and boost the economy. Eighth on Cramer's list was eliminating the derivative market that's been killing the bank stocks. He said he rules need to be reinstated to protect stocks from bear raids, short sellers and hedge funds gone wild. Ninth, Cramer said if Obama embraces natural gas as the fuel of the future, it could be a boon for the economy as the country develops a new, cheaper and cleaner infrastructure. Lastly, Cramer said if Obama would only call him, he could point out who on Wall Street needs to be indicted, who should be fired and who should be spared. The market, he said, needs some trials to restore confidence.
Cramer: State Street Needs to Merge
The Ugly Message"The market speaks in many tongues," Cramer told viewers, " but the message was clear when it said things are ugly." He said there were four sectors where the market spoke loudly and clearly.
Twice BlessedIn a new segment called "Off The Charts," Cramer looked at the chart of Marathon Oil ( MRO - Get Report), which has been one of the worst performers in a beaten-down sector. Marathon is down 43% year over year compared to a loss of only 7.2% for competitor ExxonMobil ( XOM) and 15.9% slide for Chevron ( CVX).
Mad MailIn this segment, Cramer told a viewer that Wells Fargo ( WFC - Get Report) is one of the best and he's been buying a little for his charitable trust,