Cramer's 'Mad Money' Recap: A Surreal Market
NEW YORK (TheStreet) -- The markets are at a surreal moment, Jim Cramer admitted to his "Mad Money" TV show viewers Monday, one where even the optimists are confounded by how bullish things have become.
Cramer said as he reviewed last week's charts, he found three disturbing patterns that are likely confounding money managers around the globe.
The first pattern: Stocks that run up ahead of their earnings and then run even higher after they report. Case in point: Whole Foods Markets
That same trend was seen in both Walt Disney
Then there's the curious pattern of stocks that gap higher but don't retreat to "fill in the gap" before continuing higher. Cramer said this is a very typical bullish pattern, one of great news followed by brief consolidation then a continued move higher. But that pattern wasn't seen with Williams-Sonoma
Finally, Cramer said he's seeing a pattern of stocks that offer dismal earnings or gloomy outlooks, the kind that would normally send shares lower but the markets are sending higher as well. Examples include 3M
Cramer said despite all these rampant bullish signals the markets are still not getting any respect, even though respect is clearly its middle name.
Room to Run
Investing is all about putting together bits of information to form a solid thesis, Cramer told viewers. That's why when Charles River Labs