NEW YORK ( TheStreet) - "Sometimes things go exactly according to plan," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday. Cramer predicted on Monday that the market would take a breather and it did. He predicted there would be a slow decline and there was. And he said the Nasdaq was beginning a multi-year rally based on the mobile Internet, and the index did head higher. Another thing that's going according to Cramer's predictions is housing. Cramer called the bottom in the housing market on June 30, and today the first survey came out showing a slight rise in home prices, the first in almost two years.
Missing the MoveIn his "Off the Charts" segment, Cramer went head-to-head with the market technicians over the concept of the "golden cross," one of the holy grails technicians use to confirm a bull market has arrived. According to the technicians, when the 100-day moving average of the S&P500 crossed over the 200-day moving average last Friday, a golden cross occurred, confirming that the markets are indeed in a bullish trend. But Cramer dismissed the notion of a golden cross, calling it "useless." He said that such an indicator is so far behind the markets that investors who wait for the cross have already missed a great move. Cramer said simply, "wait for the cross and you'll miss out." "Winning in the stock market isn't about waiting for confirmations," said Cramer, "it's about anticipating the market's next move."
Stagnant Job GrowthCramer spoke with T. J Rodgers, president and CEO of Cypress Semiconductor ( CY), a company at the heart of Cramer's mobile Internet thesis. Rodgers explained that Cypress' top-line growth came from making products that are in demand and people want. He said the company's programmable system on a chip technology allows them to build a chip once and then program it for applications as diverse as smart phones to coffee makers and baby monitors. When asked why America is not creating more jobs, Rodgers gave his view that it's all about the mix between public sector and private sector spending. He explained that after World War II, the federal government accounted for 49% of the nation's GDP, but since then has fallen to around 30%. However with Obama in office, more 50% of the nation's GDP is now in the public sector and that slows job creation. When asked about other factors limiting growth, Rodgers took aim at Cypress' home state of California, with its 9.75% sales tax. He explained that while Cypress used to have its fabrication and assembling and testing facilities in the state, it's now moved off shore due to the state's hostile environment. Cramer called Rodgers a winner, and said he'd stick with the company.