Cramer's 'Mad Money' Recap: Monster Rally Reality Check (Final)
NEW YORK (TheStreet) -- Get used to stocks trading on growth, Jim Cramer told his "Mad Money" TV show viewers Tuesday. Growth generates earnings and earnings makes stocks trade higher, said Cramer, it's just that simple.
Cramer discounted the plethora of bogus analysis done by market pundits to explain a rising market. He called the notions of "risk on, risk off" and "pin the tail on the Fed" utter nonsense that results from lazy analysts failing to do their homework.
Yes, Europe has been and will likely continue to be a factor for U.S. markets, said Cramer, but with strong fundamentals and a tailwind from the Chinese economy, the U.S. is strong enough to take on just about anything Europe can dish out. Add to that India, which surprised the world by cutting interest rates earlier today, and it's no wonder U.S. stocks were off to the races once again today.
Cramer said whether its retail, technology or aerospace, things are simply better in America and the markets are just reflecting that fact.