“The honeymoon continues for Obama,” Cramer said during Friday’s Stop Trading!.
What looked like a decline in stocks came to a halt at the start of President-Elect Barack Obama’s press conference to announce his picks for Labor, Transportation, the Small Business Administration and U.S. trade representative.
“This is the guy, literally, we want on at all times because every time he speaks the market reverses,” Cramer said.
(The market did seems to buckle a bit not long after. With a half hour left in trading, the Dow was down about 22 points.)