Had to post this again......Only 2 weeks ago he was saying buy stocks and make money, well 2 weeks later look where the markets trade. "Go buy some Google (GOOG - Cramer's Take - Stockpickr - Rating) and Baidu (BIDU - Cramer's Take - Stockpickr - Rating)," Cramer said. "Welcome to rate cut." Cramer's 'Mad Money' Recap: Why Worry? Just Invest By TheStreet.com Staff 10/31/2007 8:03 PM EDT Click here for an archive of Cramer's "Mad Money" recaps. Investors should set aside negative economic news and concerns about overvalued stocks and just concentrate on buying stocks and making money, Jim Cramer told viewers of his "Mad Money" TV show Wednesday. Right now there is one problem facing investors: "they are overthinking this stock market," he said. The market is not working the way the professionals think it should and thus the people who know more about investing are making less and the people who know less are making more, he said. "There is a huge wall of money rolling at us courtesy of the Fed and it doesn't pay to over think it," Cramer said. "In fact it pays to not to over-think it." When money comes in, it drives stocks higher and that's all people should be looking at. Oil is driving everyone crazy because people are in shock that this commodity has gone up as much as it has and that no new oil is coming out of the ground, he said. However, "don't worry about high oil prices." Also, even though alternative energy stocks may seem overvalued, they are still going higher, as are the infrastructure, fertilizer and China plays, Cramer continued. He believes betting against something that's overvalued is a bad idea in this environment. Market players should be buying things even though they are overvalued, Cramer advised. Although this may seem irresponsible, traditional market thinking is not going to get people anywhere right now. Stop trying to be smarter than the market and over thinking it, he said. Instead recognize that oil, tech, fertilizer, alternative energy are all bull markets. "Go buy some Google (GOOG - Cramer's Take - Stockpickr - Rating) and Baidu (BIDU - Cramer's Take - Stockpickr - Rating)," Cramer said. "Welcome to rate cut."
Problem is that a few days later he will write a bearish article. And then later he can point to either article and say he was right no matter which way it goes.
agree he was saying a few minutes ago that if tomorrow is a down day to start buying stocks that have fallen extremely hard.
Parts above are worthy of bumping, just in case anyone can explain to me why there is a market for this type of commentary. Cramer's paid for it, right?