Jim Cramer shares his views every day on RealMoney. Click here for a real-time look at his insights and musings.
Cramer: Focus on Earnings, Not on the White House
These are not the questions you should be asking as Day 100 beckons and legislation is on the horizon. These are issues that should have been solved long before the election.
Hence, the total chaos that we see in Washington, where there seems to be a veneer of consistency with the presidential campaign but not enough to see any one depiction of the plan--if there is one--that isn't different from another in all of the different news outlets.
Yes, the disarray and the notion that different people within the administration and on Capitol Hill have different views on what is being asked for and what can get done makes this tax situation one more sideshow that tends to grab center stage, simply because we have never seen anything so un-orchestrated and so day-to-day coming in the incredibly tricky world of tax policy.
We are used to seeing a plan, one that's paid for in some rigorous fashion, which has the backing of many different factions. We are not used to seeing a plan introduced that seems to have the backing of no one.
We are used to a plan that tells you exactly what it can do for the economy. We are not used to amorphous projections that somehow get you to 4%.
We are used to a document we can all pick over. We are not used to some snippets here and some tidbits there that all add up to something that may or may not tax law firms and hedge funds and retailers and importers and sole proprietors and real estate legends.
It's all a mess.
And it is happening just when we are trying to make sense of earnings, for heaven's sakes.
My advice: remember it is a sideshow. Focus on the numbers coming from the companies, not from the White House.
Otherwise it will just drive you crazy.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.
Cramer: Oil Gets in the Way of a Rally
If oil were a barometer of anything but huge inventories and failing OPEC curtailment, it would make sense. If oil were a commodity that indicated anything about the growth of the world's economies, then I could get it.