Mad Money isn’t alone in celebrating a birthday this month. While the show turns 5 years old next week, today markets the one-year anniversary of the market’s generational lows – when the Dow closed at 6,547.
- Cramer's Top 14 Nasdaq Picks
Cramer has always referenced the Dow’s intraday low of 6,470 on March 6. And since then the index has roared back 61 percent, while the S&P 600 is up 67 percent. Oddly, though, despite these tremendous gains, retails investors have largely missed the entire move. They’ve chosen to sit on the sidelines, steering clear of American equities entirely. In 2010 alone, they’ve withdrawn $15.3 billion from US stock funds.
But look what has happened over the past 12 months:
Seventeen of the Dow 30 are up, led by Bank of America , American Express , Alcoa , JPMorgan Chase and Caterpillar . In the S&P, 290 of the 500 are outperforming the average, with Ford , Office Depot and International Paper posting some of the biggest gains. Also, the Russell 2000 index of small-cap stocks is up 90 percent, and 983 of the 2,000 listed companies posting positive returns.
Something else to keep in mind: There hasn’t been one major bank failure in the past year, while there have been 239 mergers and acquisitions announced. And the average takeover premium has been 37%.