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Jim Cramer: Don't Bash a Placid Market

The placid stock market is making Americans feel better about their financial status, said TheStreet's Jim Cramer.
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The placid stock market is making Americans feel better about their financial status, said TheStreet's Jim Cramer. Cramer writes in Real Money that investors have to watch for the end of what can only be considered some 'pretty halcyon days'. That said, he warns they need to be mindful of the contrast between the back-to-school seasons and remember that the 'stock market itself, not the Fed, may be a more important conductor to the orchestra that is the U.S. service and retail-based economy than we think.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.

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