Jim Cramer's Best Blogs
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:
- What really drove the retail sales decline; and
- the run-up in industrials.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Block Out the Politics
Posted at 12:02 p.m. EDT on Friday, April 12
Wealth springs eternal, and it comes in all shapes and sizes. This morning we are seeing a decline in oil, and when I see that I think "wealth." A decline at the gas pump can make up for this payroll tax hike that I keep hearing people talk about.
The appreciation of real estate can make up for the payroll tax.
The refinancing of mortgages can make up for the payroll tax.
The advancements in the stock market can make up for the payroll tax.
I point all of these out because, when Friday saw a 0.4% March decrease in the retail sales number -- the worst decline since last June -- I heard immediately that the culprit was the end of the payroll tax holiday. I think that's nonsense. I actually think the cold weather played a bigger role.
Go back to what Manny Chirico, CEO of PVH
That's the reason the retail stocks keep hitting new highs despite the weak aggregate numbers. Plus, the companies that did "Squawk Box" on CNBC Thursday made it very clear that things improved as the month went on, and that the early part of April's looking very good. In fact, the only retailer I heard bemoan the payroll tax increase was Family Dollar