Cramer: Ignore the moronic market and buy here

Jim Cramer is concerned about the amount of mistakes that the market is making lately. A lot of things have gone wrong, in both before- and after-market hours.

Frankly, he is completely stunned at the amount of moronic activity happening, and he wants to remind investors to trust their instincts.

Take Chipotle, for example. On Monday, it reported an unheard-of 19.8 percent comparable sales number, versus the already high expectation of 17.2. Analysts wanted $3.83 in earnings; Chipotle one-upped them with $4.15.

Yet the stock has tumbled from $653 to $607, because the company gave cautious guidance. That is the biggest decline in 17 months.

"I think the company would have been nuts not to give cautious guidance. Who can possibly maintain that space?"

Cramer thinks this stock has room to grow. Even after it raised prices for customers last quarter, Chipotle still posted monumental earnings. Yet, it still has gone down on Wednesday.

What the heck?




Jim Cramer Mad Money
Source: CNBC

The "Mad Money" host had the same to say for both Boeing and Dow Chemical. Both reported better than expected earnings, and have been creamed. He thinks Dow Chemical is a win-win situation and will drive even higher in the long run.

As for Google, Cramer said it should be bought with both hands. This stock was hammered mercilessly lately for spending money to dominate search and advertising.

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And now what happens? It starts to bounce back, and Cramer still thinks it is the cheapest growth stock that he follows. Time to get in on some Google.

Cramer's takeaway is not to always trust the market. It won't always do the right thing, and has proven it has failed to do so.

Investors should trust their homework and instincts, and they'll reap the benefits at the end of the day.

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