Mad Money with Jim Cramer - MAD CAP RECAP - The Official Mad Money Blog
RSS FEED
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 Sell Eaton?
- Lightning Round: Unitedhealth, Wendy's and More
- Lightning Round OT: Yamana Gold, 3Com and More
- Cramer’s Christmas List: A Coffeemaker, Washing Machine and…
- Cramer’s Christmas List: TJX & Williams-Sonoma
- Cramer: Dubai Debt Can’t Sink These 6 Dividend Stocks
- Cramer: 3 Trades on Banks, Steel
- 4 Enemies of Bull Markets
- Experiencing Technical Difficulty?
- The Importance of Good Breadth
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 
Web Editor, Mad Money
We’ve come a long way, baby.
Cramer drove that point home on Friday, feeding off the positivity he found in the Heartland. Mad Money had escaped New York’s negativity and landed in the Sooner State, with The University of Oklahoma Price College of Business hosting the latest Back to School Tour show.
 |
Think back a year and try to remember the precipice on which we stood, staring down the failure of the Western financial system and the death of American business. What about now?
Industrial companies like Cummins [CMI
Loading...
()
], 3M [MMM
Loading...
()
] and Caterpillar [CAT
Loading...
()
] have rebounded to report “remarkable quarters,” Cramer said. The banks, once threatened with nationalization, have scraped their way back to viability. See: Goldman Sachs [GS
Loading...
()
], Bank of America [BAC
Loading...
()
] and Wells Fargo [WFC
Loading...
()
]. Both weakened corporations and consumers were supposed to kill the technology business, but IBM [IBM
Loading...
()
] is now flush with cash. Intel [INTC
Loading...
()
] and Microsoft [MSFT
Loading...
()
], like the industrials, delivered “monster quarters” of their own. And Cramer can’t say enough about the power of Apple [AAPL
Loading...
()
], the company and the stock.
Speaking of the consumer, retail was written off just the same. Macy’s [M
Loading...
()
], J.C. Penney [JCP
Loading...
()
], J. Crew [JCG
Loading...
()
] and Home Depot [HD
Loading...
()
] had been shunned in favor of Family Dollar [FDO
Loading...
()
]. But that’s not the case anymore. In oil, the price of crude dropped $100 a barrel, while natural gas dropped to as low as $2.41. Now Cramer sees an industry “that’s growing, ready to hire.” In fact, he thinks nat gas could solve, at least in part, the US employment problem.
We have stabilized, Cramer said, albeit at lower levels. And despite the Dow’s 250-point shellacking on Friday, he’s optimistic about the market’s prospects. After all, it was that optimism that helped to recognize the Dow’s early March lows, allowing Mad Money viewers to capitalize on one of the biggest bull runs in history.
Expect another 5% pullback from the market’s present levels, Cramer said. So, yes, investors can take some profits while they have them. But they shouldn’t cash out entirely. Instead, they should recognize how far we’ve come.
“I want everybody to look back at the 52-week lows of their stocks,” Cramer said, “to remind themselves of the miraculous return of equities from the abyss we toiled in just one year ago.”
Cramer's charitable trust owns Bank of America, Goldman Sachs, Home Depot and Wells Fargo.
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