Without hope, they say life has little meaning. But can the same be said for hope as an investment strategy?
Jim Cramer isn't sure. But he sees it playing out in the market right now.
"However, after reporting earnings
CEO, Jeff Immelt was brimming with confidence - talking about big orders and amazing prospects. Schlumberger, too, told a much better story," Cramer said.
Both stocks instantly reacted positively and both finished Friday's session among the day's biggest gainers. They were rewarded for no longer being pessimistic and instead being hopeful.