GO
Loading...

What the Media Is Missing

Tuesday, 23 Feb 2010 | 12:49 PM ET

Read any number of news articles over the past week, Cramer said Tuesday, and you’d see nothing but doom and gloom about foreclosures, airline weakness, housing woes, commercial mortgage worries and a lack of infrastructure jobs. The logical conclusion then is to assume that the related stocks must be sinking – and fast.

But that’s not the case, Cramer said. In fact, Boeing , Caterpillar , Terex , US Steel , AK Steel , KB Home , Pulte Homes and Lennar are all “going on pretty strong.”

And consider commercial real estate, the expected next bust market. Now we’ve got Brookfield Properties and Simon Property Group fighting over who gets General Growth Properties. As Cramer said, these negative articles are telling one story, but the tape tells another entirely.

The negative bias may have made sense at one point – say, at the worst parts of the depression/recession of late 2008 and early 2009 – but not anymore. Not with much better economic and company news coming out month after month. And given these changing conditions, Cramer said, “Maybe the bias should change.”

“Until it does, you should always expect,” he continued, “pessimistic articles or stories that twist the facts in order to be negative.”

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
AKS
---
BLDRS EM50
---
CAT
---
GGP
---
KBH
---
LEN
---
PHM
---
SPG
---
TEX
---
X
---
BA
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.