Jim Cramer's 'Mad Money' Recap: Is the Downturn Serious?
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NEW YORK (TheStreet) -- Is the market downturn starting to get serious? That's the question Jim Cramer pondered on "Mad Money" Monday. Cramer said the markets overlooked a host of positive news today and instead focused on the negative, using the weakness as an excuse to sell everything.
Cramer called out the takeover bid for Beam
The news that Merck
Instead, the markets were focused on retail, Cramer continued, with Lululemon Athletica
However, despite the many negatives, Cramer reminded viewers that it's never a good strategy to use bad news as an excuse to sell everything. The markets have problems, he admitted, but that just means investors need to focus even harder on what's working.
Executive Decision: Bill Cobb
As tax season approaches, Cramer sat down with Bill Cobb, president and CEO of H&R Block
Cobb said Obamacare represents the biggest change in the tax code in 20 years. He said the law is complicated and what taxpayers may think is a subsidy is actually an advance tax credit that can be confusing.