FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- Time to Buy Treasurys?
- Lightning Round: Las Vegas Sands, ADC Telecom, Satyam Computer and More
- Lightning Round OT: Knight Capital, Ebix and More
- Is Lear, Back From Bankruptcy, a Buy?
- Sanofi-Aventis Falling Off a Patent Cliff?
- Cramer: Your Thanksgiving Week Game Plan
- Cramer: Next Week Should Define Rest of ‘09
- Mad Money: Mad Mail: Buy RIM or Apple?
- Lightning Round: Cisco Systems, Citigroup, Baidu.com and More
- Lightning Round OT: Martek Biosciences, Valmont Industries and More
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
The markets’ pullback today, however small, is just the break that late-to-the-game investors need, Cramer said Thursday. Anyone who missed the rally we’ve enjoyed since early March now has a chance to get in at a discount. Of course, there are plenty of skeptics who’ll watch the opportunity pass, but they’ll be making a huge mistake.
This gang of doomsayers and Chicken Littles has been scoffing at any progress we’ve made since emerging from late 2008’s garden-variety depression. Instead of seeing the positive effects of government programs like Cash for Clunkers or the $8,000 tax credit for homebuyers, they worry about cannibalized future sales. Despite all evidence to the contrary, the glass-half-empty crowd is convinced that the markets and the economy will continue to get worse.
“People have to stop believing that everything is bad,” Cramer said, “and everyone who has something positive to say is not a snake-oil salesman. Just because they’re positive doesn’t mean they’re lying or making stuff up.”
Both pundits and the press have worried that these government initiatives have merely moved up sales of autos and houses. They don’t expect consumers to keep buying. But that’s not the case, at least not according to industry executives and a host of improving economic data.
General Motors’ Vice Chairman Robert Lutz told a reporter on Wednesday that AutoNation [AN
Loading...
()
] Chairman and CEO Michael Jackson saw no negative impact on future sales as a result of Cash for Clunkers. And September autos sales are “pretty much in line with the pre-Clunker trend line,” Cramer said, “so nothing was stolen.” Inventories decreased, though, and that will boost profits for these companies and put them in a position to start hiring again.
Also, while the housing tax credit ends in November, mortgage rates and home prices are low enough to lure buyers into the market. Cramer doubts the sector’s recovery will end just because the government program will. Too bad so many other people can’t seem to see this.
“The facts,” Cramer said, “they don’t matter” to them.
Cramer’s point was this: There are a lot of moving parts driving buyers’ motivations, and these programs are just a couple of them in an environment where consumers are spending more. If you obsess about stolen sales, he said, “You’re missing the forest for the trees.” And you’re missing a great chance to ride the market back up.
Call Cramer: 1-800-743-CNBC
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes