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:
- How the mainstream media miss the message
- How IPOs could kill the bull
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Cramer: Mainstream Media Miss Message
Posted on March 17 at 12:36 p.m. EST
Any coincidence that the market is having a push day and oil's flat? I think we got trapped again in the world of oil and it is making little sense to me. I think it's all about the idea that we are out of things to trade off, so we default to oil as a barometer of what's good or bad.
One thing is for certain: We still don't see any articles in the mainstream press about how anything is better in business. I read so many articles about how this is peaking or that is peaking or this is going down or that is crumbling and I think, jeez, who are these people talking to?
I was with a group of CFOs the other night and almost everyone predicted that things are about to get better and that rates would be going higher because of it.
But these opinions never seem to get to out into the mainstream, which remains trapped in a narrative that unless Trump gets his way on tax reform and repatriation, it's all a castle in the sand.