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The people putting money into this market are betting on a brighter future, Jim Cramer told his Mad Money viewers Thursday in a special episode ahead of Veterans Day. But after today, Cramer said, this rally could be getting out of hand.
Indeed, money managers appear to be throwing out the notion that gridlock in Washington is a good thing, and marking Donald Trump's meetings with President Obama and House Speaker Paul Ryan with hope and optimism that our country can spur growth and prosperity for all.
But even as stocks of companies that make things -- along with restaurants and retailers -- were soaring, Cramer offered some cautionary words to his studio audience, which included West Point cadets, military personnel, veterans and their families. He said there is no way the velocity of these recent moves can be sustained for more than a few days, which means investors need to be careful.
On the day before Veterans' Day, Cramer said, he is both honoring our troops and praising those who can bury the hatchet, as we all try to make America a better place.
Executive Decision: Starbucks
Cramer sat down with Howard Schultz, chairman and CEO of Starbucks (SBUX) , a company working hard to hire and support veterans.
Schultz started off by saying that the integrity, work ethic and leadership skills of our veterans are beyond reproach and we should be acknowledging them every day and not just on Veterans' Day. He said among the things veterans need most are transitional tools to help them re-enter the workforce.
Schultz has been a long-time proponent of the notion, as he said, that "business is not evil" and that CEOs have an opportunity to benefit society. Hiring veterans, he said, is one of those ways, which is why Starbucks has thousands of job openings for veterans and military families, in stores, supply chain and management. Starbucks plans to hire at least 10,000 veterans and military spouses by the end of 2018.
As for the election, Schultz said he's optimistic, but still sees a lot of work that needs to be done. He said our nation desperately needs less divisiveness and more sincerity and compassion. No matter where he travels in the world, Schultz said, everyone wants to be respected and wants a better life for their children.
Action Alerts PLUS, a portfolio that Cramer and Jack Mohr co-manage as a charitable trust, recently downgraded Starbucks to a "Two" rating from a previous "One." Click here for a free 14-day trial membership to Action Alerts PLUS investment club to see why.