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The stock market sure feels better than it did at the beginning of the year, but is it actually better? That was the question Jim Cramer asked his Mad Money viewers Wednesday as he revisited his negativity checklist for an updated state of affairs.
First on Cramer's list was a change in tone from the Federal Reserve, something that happened over the weekend. Also on the list, some political certainty, which has also occurred as the presidential field continues to narrow. As for China cleaning up its act, Cramer gave China a half check for at least making some progress.
Other items on the list receiving check marks include a bottoming of commodities, stabilization of oil and an overall improvement in the geopolitical scene. As for those zombie companies Cramer was worried about, many of the most troubled oil companies have been able to raise money, allowing them to keep on living.
Cramer was not able to issue check marks for the strong dollar, which continues to rise, nor a strong initial public offering market, but he did acknowledge mergers and acquisitions are picking up.
Finally, Cramer noted that the so-called "peaks" in housing, autos, aerospace and cell phones don't appear to be as bad a feared and the markets overall are seeing expanded leadership.
Add it all up and there are now more items checked than unchecked, Cramer concluded, which means investors can buy the dips more aggressively and the rallies may soon be the real deal.
Executive Decision: Dave Cote
Cote made it clear that any potential tie-up has been put to rest and there are no ongoing discussions between the two companies. He said there had been back and forth talks for a few years.
Cote explained that while Honeywell is going great on its own, the two companies combined could do even better, with a solid core growth portfolio and over $3.5 billion in synergies.
Cramer also asked Cote about his recent stock sale. Cote said that despite what you may have read in the media, he sold less than 10% of his overall holdings, which today account for more than 60 times his annual salary. Cote said he holds all of his options for the full 10 years, then holds the shares for another year before selling them.