Cramer's 'Mad Money' Recap: Anger Gets You Nowhere
NEW YORK (TheStreet) -- Your anger with the markets won't make you any money, Jim Cramer told his "Mad Money" viewers Tuesday. Cramer said that as long as there's money to be made in stocks, he won't stop telling people how and where to find the winners.
Cramer said he understands investors' anger with the markets. There seems to be rampant crime without punishment wherever you look. From the J.P. Morgan Chase(JPM) trading losses to the Libor rate-fixing scheme to countless others, Cramer said investing in stocks often seems like betting on a game where you don't even know the rules.
But before investors throw up their hands and give up, Cramer reminded them of Apple(AAPL) , a stock he owns for his charitable trust, Action Alerts PLUS, and one that's up 50% for the year.
Cramer said these are the reasons why investors, including the little guys, need to stay in the game. If may seem helpless, he said, when the markets seem to hinge on the words of every politician and central banker instead of on earnings or anything resembling common sense. But the bull markets are indeed out there for those who care to look.
Cramer told viewers that they need to stop chasing the so-called "hot" stocks like Research In Motion(RIMM) , Groupon(GRPN) , Zynga(ZNGA) and Facebook(FB) , all of which have been over-hyped losers, and invest in the any of the names above, all of which have rewarded shareholders nine times better than Teasuries or bank CDs.
In the "Executive Decision" segment, Cramer sat down with Matt Ouimet, president and CEO of Cedar Fair(FUN) , the amusement park operator whose shares have become a regular on the 52-week high list. Cedar Fair has returned 99%, including reinvested dividends, since Cramer first recommended the stock last August and the company currently sports a 5% dividend yield.