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:
- this bull market
- supply and demand
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Enough About Bernanke
Posted at 1:48 p.m. EDT on Friday, Dec. 20
Rates going lower after the long-awaited taper -- that was supposed to crush bonds and send interest rates through the roof?
Earnings coming through in the last couple of weeks when we should have had massive shortfalls?
No politicians on television, at least none expressing rancor?
So, let's sell stocks with reckless abandon -- oops, that doesn't go with the other bullets, does it?
Yep, there's a central problem for those who think the market's at a precarious and dangerous level, one where we could drop any minute and drop hard. The central problem is that we need a reason to sell. We need justification beyond the desire to lock in a good year because there aren't enough days left or enough events left to merit locking in. You are pretty much stuck with your performance, so why not go along for the ride? The only people I can figure who need to take action are the shorts in order not to be run out of town.
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Such is the life of a bull market where things tend to work themselves out. We are so used to seeing a decade of what amounted to bear market rallies that many don't even recognize what this market's doing: reacting to positive news in a positive way and believing that negatives will be resolved positively.
This is a market that silently, without rocking the boat, is giving Ben Bernanke his due for figuring out how to do things right so as to keep rates down and keep stocks up. He's not the reason why we are having this bull market, he's one of many reasons and they are logical, not artificial.
As I listen to people argue about gross domestic product figures inflated by Bernanke, I just have to laugh. Does anyone take politics, politicians or people who think politically seriously anymore? I think the public recognizes that those kinds of discussions are relics of the old days. They want to find the next Twitter (TWTR), not the next aided-by-Bernanke-but-it-could-go-away-any-minute stock.