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:
- the current negativity sweeping the market;
- the obstacles retail stocks are facing; and
- what's really wrong with Europe.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Negativity and Skittishness Abound
Posted at 1:43 p.m. EDT on Friday, June 15
No offense. All defense. That's what every day feels like these days. "So-and-so is out defending Boeing(BA) against stories of slowing orders." "Bed Bath & Beyond(BBBY) defended on Amazon(AMZN) competition." "McDonald's(MCD) defended on slowing Asia," "Starbucks(SBUX) defended on slowing Europe." "Harman(HAR) defended on Apple's(AAPL) Siri incursion into autos." "Nike(NKE) defended on possibly faltering Asian sales."
I find this kind of research to be reflective of how negative everything has become. These aren't upgrades. They aren't new, positive catalysts. They are simply attempts to try to defend a decline that may or may not be warranted.
Some of these defenses have to be made, simply because the analysts were already recommending the stock, and they feel they have to say something!
But the more insidious are literally defenses against charges that are simply bogus or that really can't be refuted by the parties right now.