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:
- why Greece turned out better than expected;
- why Cummins keeps on truckin'; and
- why you should own shares of Apple.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Impressed by the Bounceback
Posted at 6:45 p.m. EST on Friday, March 9.
Better than we thought. That's how I look at Greece. It worked out better than we thought it would a week ago. Yet, I still found it odd that the stock market could sell off on the obvious triggering of the credit default swaps that ISDA declared late in the day.
Truly, could this have been a surprise to anyone?
I think that what Greece did was terrible for bondholders. But selling Cummins or Joy ahead of what might be a Chinese rate cut seems pretty stupid. I was glad the selling didn't extend to the banks themselves as some sort of "Who's exposed" game, because that's been played out a gazillion times already.
Overall, you have to be impressed by the bounceback we saw this week. You could have taken the market down today on the idea that February's job growth had declined from January. You could have taken it down on the collapse back to $130 in the Rydex CurrencyShares Euro(FXE) . You could have taken it down by the persistence of Brent's strength.