"I want you to stay the course. This rally is real," Jim Cramer told the viewers of his "Mad Money" TV show Thursday.
He said this time there's real news behind the market's upward momentum, adding "we're not done yet."
Cramer's said all along that he'd turn positive on stocks only when he saw real signs of improvement. He said ever since Lehman Brothers was put down like a dog, every day seemed to be worse than the one before, until this week.
"This week's been different," said Cramer, who noted seven positive reasons for the rally.
First, the retail sales numbers was better than expected as reflected in the results from Wal-Mart and at casual dining establishments like Brinker and Darden. He said the consumer has risen from the dead.
Second, Bank Of America announced that it's profitable. He said banks are making money and are under less scrutiny from the Fed.
Third, General Electric, which he also owns for his Action Alerts PLUS portfolio, received its long awaited ratings downgrade and the stock rallied. He said this shows that all of the bad news is already baked into the stocks.
Fourth, takeovers are back. Just look at the pharmaceutical sector which is in shotgun wedding mode, he said.
Fifth, there are upside surprises in the tech sector such as in companies like Taiwan Semiconductor.
The sixth positive is the rise in mortgage applications. As rates continue to fall, the housing bottom inches closer, said Cramer.
And finally, General Motors announced it doesn't need the last $2 billion from the government. It may not be much, but it's something, Cramer said.
These are the seven substantive changes that occurred just this week, Cramer told viewers. And that's why he doesn't feel its over yet.
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いつも読んでるジム・クレイマーの相場野次総論
最近ではめずらしく、ラリーを期待している。
ここのところの記事にはめずらしい。
そして確たる7つの証拠として挙げている
どこまで信用できるかはわかりませんが、
少なくとも、そこらへんのエコノミスト、アナリストの輩よりは的確です。
そして何より自分がマーケットに参加しているので、姿勢が真剣です
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