Is Japan in Trouble?; SAC Capital: 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:
- Japan's unstable market; and
- criminal charges against SAC Capital.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
It's Just a Mild Hangover
Posted at 10:58 a.m. EDT on Friday, July 26
At last, we have one of those days when we come in and people say, "We have to sell because..." And the "because" isn't answered with a U.S. situation, such as tapering or earnings, or a fight between the House and the president. Today it's all about whether Japan is in trouble.
I am adamant that Japan isn't in trouble but that the market there has become unstable in its volatility, and it does freak people out. I come back to the high quality of earnings we have seen all week and a belief that we can't throw out the baby with the Japanese bathwater.
Just think last night and this morning about the ratio. We had a bad number from Expedia
I think today just feels like a bit of a hangover and nothing more, not the start of something big.
And, oh yes, we are a buyer of Japan for the Action Alerts PLUS charitable trust, as the situation there is going negative to positive and not back to negative again.