Jim Cramer's Best Blogs
NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- how to invest in China right now; and
- why bearish thinking on retailers isn't paying off.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
For China Exposure, Play the Field
Posted at 3:36 p.m. EDT on Thursday, Nov. 2
You believe in China? You believe in the FXI then. We've been buying the iShares FTSE China 25 Index ETF (FXI) for the Action Alerts PLUS charitable trust, even though it does have a lot of financials, because we want to play what could be a gigantic turn in China, and we don't want to have to bet on the wrong Chinese horse and get skunked by it.
I can't overestimate the importance of that Chinese PMI number we got last night, especially given that it was very unexpected by most of the cognoscenti. We have a combination of the new leadership coming in with the first upside surprise of data, and it's so potent and palpable that it's not enough to go with the usual derivatives, like Emerson Electric (EMR) , Caterpillar (CAT) , Vale (VALE) and Eaton (ETN) , even as the trust owns those, too.
We all know the U.S. is holding in because of the consumer. We all know Europe is going away, because of the governmental paralysis. China had been the wild card. Just two months ago, I remarked on "Squawk on the Street" that I wondered who those economists were who kept predicting better things for China, because each data point was worse than the previous one.
Finally, though, that skein has been broken. The result is this terrific rally, and given how long the downturn has lasted, you can't believe that all you are going to get from the FXI is a move from $32 to $37. I think there is much more ahead, and that is why we keep putting money to work in the ETF, as you can see from this morning's note that was sent out before today's opening.
Given that we just got earnings from a host of companies that had bemoaned China's weakness, these new data don't fit the negativity or the short-selling. The green you see on your screen? That's the covering that could power us higher, and the best way to play China is, alas, China itself.
In Retail, Pessimism Doesn't Pay
Posted at 12:23 p.m. EDT on Thursday, Nov. 1
You know what's been a real sucker trade? Being gloomy about retail. I keep thinking back to last night's interview with Manny Chirico, the CEO of PVH (PVH) , which made that remarkable move on Warnaco (WRC) . At the same time that he announced that deal, he pointed out that October was a very strong month for his company, a statement that's incredible, given the breadth of his business, which encompasses shirts, slacks, ties and shoes at a host of different price points.