Cramer's 'Mad Money' Recap: Dazed and Confused Markets
NEW YORK (TheStreet) -- If the markets can reach all-time highs with so many companies reporting miserable quarters, imagine what's possible if things actually improve. Those were Jim Cramer's thoughts on "Mad Money" Monday as he opined on the seemingly dazed and confused averages that have been ignoring a plethora of bad earnings.
Cramer said just about all the major companies upon which investors have come to rely had bad things to say this quarter, including Apple
But the weakness continued into other stocks including 3M
But despite all of these earnings misses and dismal outlooks, the markets still rallied, and that's due to all of the other companies that didn't miss their numbers and are, in fact, doing quite well. That begs the question: What is the market capable of doing if all those companies that missed estimates are able to recover?
Executive Decision: Chuck Bunch
In the "Executive Decision" segment, Cramer spoke with Chuck Bunch, chairman and CEO of PPG
Bunch said the global markets are a mixed bag at the moment, with continued weakness in Europe but steady growth in China. He expects only stability in Europe throughout 2013 and doesn't foresee any growth in that region until 2014. On China he remains very optimistic as that country is forecasting 10% growth this year.
Bunch was also optimistic on his company's acquisition of Akzo Nobel's North American operations, saying the merger gives PPG a number one position in Canada and is the perfect complement to his company's U.S. businesses. "There are a lot of synergies," said Bunch.