Jim Cramer cherishes the moments when investors stop obsessing about the Federal Reserve, the Presidential election and overvaluation of stocks and just start buying up their favorite companies. It is rare that this occurs, but that is the gift that December brings.
"It's December and in December we get into what I call the era of good feelings. That is when you get a tacit deal between major investment firms and large institutional shareholders," the "Mad Money" host said.
Simply put, it is the understanding that analysts won't rock the boat and downgrade stocks at the end of the year. Especially when it could hurt the very accounts of hedge funds and mutual firms that the analysts cover. If analysts don't have anything nice to say, they shut up and save it for January.
The opposite rule goes into effect, too. If someone has something good to say, then they are encouraged to shout it from the rooftops.