Cramer's 'Mad Money' Recap: Ignore the Fed
NEW YORK (TheStreet) -- The Federal Reserve has worked its magic, but now there are other forces at work, Jim Cramer told his "Mad Money" TV show viewers Wednesday as he examined just how much the Fed really matters to the markets at this point in the recovery.
Cramer said the speculation over what the Fed may or may not do next and when certainly captures a lot of headlines and added to the confusion of today's trading in particular. He also acknowledged that continued low interest rates are literally forcing those who manage money to abandon bonds and invest in high paying dividend stocks instead.
That may affect stocks like American Electric Power
Nearly half of the market's gains since the sequester debate have come from good old-fashioned earnings, said Cramer. He noted that a rising birth rate is driving retail sales while aging American autos are fueling AutoZone
The American energy boom has not been caused by Bernanke, said Cramer. That's American know-how, as is the boom in biotech with companies like Biogen Idec
So while the Fed may play a role in the market's rally, there's certainly a lot to love outside of Bernanke, Cramer concluded.
Executive Decision: Alan McKim
In the "Executive Decision" segment, Cramer welcomed back Alan McKim, chairman and CEO of Clean Harbors
McKim reminded viewers that Clean Harbors is a lot more than just disaster recovery services. The company owns and manages over 100 facilities across the country and is the leading provider of incineration services. He said Clean Harbors also operates several landfills and recycling facilities as well.