Cramer's 'Mad Money' Recap: March 3

This article was originally published March 3

Click here for an archive of Jim Cramer's Mad Money recaps.


"When it comes to investing, hope is never supposed to be part of the equation," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday.

He said hope is just a crutch that gets in the way of making the right decisions. But in today's market, he said, it might be worth at least taking a look at what investors are hopeful for.

Donning a pair of actual rose-colored glasses, Cramer listed 10 reasons why there might still be some hope left in the markets.

1. Treasury Secretary Tim Geithner came out of hiding and spoke eloquently on the troubles at hand. Investors just feel more confident when Geithner appears, he said, even if there still doesn't seem to be a plan.

2. Federal Reserve Chairman Ben Bernanke also appeared, and talked of new TALP plan that could actually help asset backed facilities get some traction.

3. Two stocks -- Altera ( ALTR) and Xilinx ( XLNX) -- issued positive guidance, giving the NASDAQ a reason, albeit only momentarily, to rally.

4. The London copper inventory is going down. That's an obscure, but positive sign, that commodity prices may not fall forever, said Cramer.

5. You just can't kill China. The Chinese markets are up 13.8% for the year.

6. Stocks are down so much they have to start looking up sometime. Cramer said U.S. Steel ( X) share have now fallen more than they did back in the Great Depression.

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