Cable Stocks Seesaw; Fed Speculation: Jim Cramer's Best Blogs

Tickers in this article: CHTR CMCSA TWC

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:

  • cable stocks; and
  • the Fed's speculation.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

A Blast From the Past

Posted at 6:45 p.m. EDT on Friday, Nov. 22

Watching that tape fly by today, the tape showing the stocks of Time Warner Cable , Charter and Comcast , one of my employers, flying high, reminded me of what this business used to be like. We used to have stocks go up day after day after day and just when you think they are done going up you get talk of takeovers and then you get another leg up and then you actually get takeovers and they go up AGAIN!

I know it seems ridiculous that we could be in one of those moments after all that we have rallied, but think of the logic of it as my friend David Faber traced things out.

  1. If any of the cable companies bought Time Warner Cable they could improve service and get more users.
  2. It would be immediately additive to the acquirer.
  3. It would not be blocked by the government because the federal courts have already ruled that it's fine if cable companies buy each other pretty much without limitation.

Now think of it like this. The once-bankrupt Charter was up about 70% going into the session and Time Warner Cable and Comcast were both up more than 30%. You would think that there's no combination that could still be had after that run. You would think that an acquirer's stock would be hammered paying up here.

You would be wrong. Why is this all so important? Because it has to do with the mindset. We are still in a recession mindset in this market. We believe that things only happen because the Fed let them happen.

That's what's kept so many investors from making money. This cable company dynamic is a living, breathing instance that shows you that the stocks are too cheap to each other, even if they seemed expensive to the marketplace.

It is why, even after all of these moves, it is still too early to ring the cash register on many stocks, even as we know that no one ever got hurt taking a profit and I always countenance taking a little something off the table.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, held no position in the stocks mentioned.