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.
"About a month ago both Schlumberger and General Electric sounded somewhat somber about their businesses," reminded the Mad Money host.
"However, after reporting earnings
General Electric
CEO, Jeff Immelt was brimming with confidence - talking about big orders and amazing prospects.
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.