Jim Cramer's Best Blogs

NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney 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:
  • why people need to lay off Bernanke;
  • who the best retailer is; and
  • why you shouldn't play Apple based on its patent battle.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.


Enough With the Bernanke Bashing

Posted at 3:02 p.m. EDT on Friday, Aug. 31

Enough Bernanke bashing already. I am sick of it -- just sick of it. Let me ask you a simple question: What have the other central bankers done right that makes him seem like such a dope to so many of you?

Sure, the Fed chief was slow to recognize the housing bubble that was created by his predecessor's attempts to stoke the economy after the burst do-com bubble that his predecessor created by never raising margin rates. Sure, he should have cut to the bone in 2008, but commodity inflation was raging.

> > Bull or Bear? Vote in Our Poll

However, since then, Bernanke has done his best to get housing restarted -- working -- keep retail afloat -- working -- and generate some construction of late. This is all within the confines of a totally dysfunctional government that includes the worst partisanship since the Civil War. Does everyone blame him for that, too?

Have you ever listened to Congress when they badger this man? It's insane. They know so little it is a wonder that he even stays on the job.

In the interim, what have his colleagues done? Let's see, last year, former European Central Bank President John Claude Trichet raised rates twice. That was brilliant! That nailed inflation in its tracks, didn't it? That has to be the dumbest policy move of the decade. The ECB has still not come to grips with its crisis the way the much-derided Bernanke has. We would really be calling for those guys' heads. As it is, we had to listen to a totally wrong Fed president from St. Louis who advocated tightening here at the same time Trichet wanted it.

Is that what the Bernanke bashers want? A little solid tightening?

How about the Indians? They've done a bang-up job of slowing growth while stoking inflation. Bravo. Much better than Bernanke, no?

And let's deal with the Chinese, those so-called brilliant businessmen. Here you have a command economy, no GOP-Democrat fratricide there. They were supposed to have everything figured out. They have nothing figured out other than they know to dump goods into Europe, and Europe ain't taking them anymore. That's the real cause of their problems. Is their central bank filled with genius? I prefer Lenin's New Economic Policy. Now there was a central banker-cum-dictator who knew how to get the job done with maximum slaughter.

So I say enough of this already. Bernanke's done what he can. This is all on Congress and President Obama. And if you want the world's economy jump-started, I think the German Supreme Court is more important than Bernanke.

Lay off him. That's an order.

Random musings: I am thinking that Facebook ( FB) is really losing out to Twitter in part because of their mobile apps. I like using Twitter more on mobile than on the desktop -- in part, because Facebook's trying to trick you into clicking on ads, which makes it so the younger people will leave in droves. I liked Facebook as long as the migration from desktop to mobile was slow, and I was counting on that. But it turned out to be lightning-like, and that's why the numbers are slowing so badly. Happened on a dime, right around when Peter Thiel put in his sell order. Remember, as I wrote at the end of Confessions of a Street Addict, it is better to be lucky than good. It was dumb luck that caused the sell program to be entered just when the desktop faded and mobile took off, wasn't it? Wasn't it?

Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.


Secrets of Retail Winners

Posted at 8:38 p.m. EDT on Thursday, Aug. 30

The best retailer on Earth reported yesterday, not that anyone cares. I am talking about the amazing numbers from privately held J. Crew (which, actually, have yet to be reported because of some public debt that was sold to finance the buyout). They are breathtaking.

Revenue, up 21%. Same-store sales? Plus 14%. Gross margins, 45.1% up from 36%. SGA? Roughly flat.

That's it. Those are the line items by which we judge retail, and I have to tell you that other than Mickey Drexler, no one is putting up these numbers. Sure, Ross Stores ( ROST) and TJX Companies ( TJX) are doing quite well. I like how Target ( TGT) is performing. Limited Brands ( LTD) is no slouch. Nordstrom ( JWN) and Macy's ( M) keep performing well.

But these J. Crew numbers tell you that you can shoot the lights out in this environment, and it can be done simply by being a better merchant and doing a better job at actually retailing than anyone else.

Just for a moment, let's contrast the plus-14% comps with the minus-19% comps that everyone's been gaga over at J.C. Penney ( JCP), courtesy of CEO Ron Johnson, who was once the colleague of Drexler on the board of Apple ( AAPL).

Other than the chart, which, alas, is breaking out, as people have told me endlessly, what has Johnson done for you? Cut the dividend? Stretched the balance sheet? Driven away the customers? Made bold predictions that haven't been lived up to? Spent millions of dollars in unhelpful advertising?

Hey, if those are good things, let's take that sucker to $30 pronto. But they aren't.

I have made a study of retailing all of my life, courtesy of my father's business of selling boxes and bags to retailers for 55 years. I have seen literally thousands of them come and go. I have seen the precious few who have made it. The winners all have the same formula: explosive sales of products people want with good service, low costs and excellent inventory controls. These constants happen whether the economy is good, or, as we know now, the economy is gloomy and uncertain.

It's the CEO. It's the management. Crew has it.

The others? They can only marvel at it.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long AAPL.


Apple's Patent Win Isn't Enough

Posted at 10:04 a.m. EDT on Monday, Aug. 27

Will Apple ( AAPL) now use the patent to go after Samsung with everything it has and get injunctions against Samsung to block all selling of the illicit phones? Or will it just demand a huge licensing fee from Samsung and say that if Samsung won't pay it, Apple will move all of its semiconductor work to Intel ( INTC), which will have all of the chips Apple needs from the new factories it is opening now?

Both are terrific options. But you have to understand that the patent win in itself isn't enough to drive earnings per share, given that companies such as Samsung will stall and do whatever it can, and it can do a lot, not to play ball the way most companies we know would deal with this.

In other words, we are not dealing with some U.S. company that fears pressure or the Justice Department or the wrath of consumers. We are dealing with one of those faceless Asian companies that can do and has done pretty much whatever it wants, or it wouldn't have lost in the first place. No company that did what it did is going to abide by a verdict, especially one that will be viewed as coming from a "backyard" jury, one right in Apple's bailiwick.

So, sure, it can be another reason to buy Apple and another reason to sell Samsung -- although I wouldn't sell Google ( GOOG) on it -- but until Apple gets an injunction or pulls its chip biz from Samsung to Intel, I am playing Apple on product intros and earnings only, and so should you.

Random musings: I am continually impressed with Tim Armstrong and what he has done for AOL ( AOL). What a godsend that guy is.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long AAPL.

More from Investing

Novo Nordisk Stock Rises 4% Over 2 Sessions

Novo Nordisk Stock Rises 4% Over 2 Sessions

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins

Starbucks Stock Performance in 2018: -12%

Starbucks Stock Performance in 2018: -12%

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection