Gridlock, unlike greed, is good!
Now that Republicans took the Senate in elections earlier in the week and will be at odds with the president, Jim Cramer thinks the development will be a good thing for the market. It will allow investors to focus on companies and big themes of the year, rather than being pulled down by Washington.
Whatever happens in Washington, it won't be because the economy is stupid. Employment numbers released Friday showed continuous, consistent job growth, prompting many to speak about how the U.S. economy is the shining star around the world.
That meant nothing in the ballot box, apparently.
"I think that while voters want Washington to do something, work together, legislate; investors want Washington handcuffed and doing nothing," said the "Mad Money" host.
Historically, gridlock has been a big win for the stock market. The fact that Republicans have to work with the president could be just enough for a rally.
With this political climate in mind, here are the earnings events that Cramer has on his mind for the week: