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:
- some important breakouts in the market;
- why there's plenty of space for the Kindle and the iPad; and
- why Apple's iPhone 5 will win.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
The Market's Unheeded Flashing Signals
Posted at 3:44 p.m. EDT on Friday, Sept. 7
Sometimes I feel that I am the only guy looking at stuff, because the moves are so breathtaking, I think no one should be talking about anything else.
I am talking about the gigantic breakout moves in copper and the euro today. These are big billboards saying "Buy China" and "Buy international companies with big European businesses," and I think not everyone is seeing it right.
First, 40% of copper is used by China. You can't get this lift unless something is really happening there, something meaning a lot more than what we have currently heard about.
Second, so many of our companies are using $123 on the CurrencyShares Euro Trust (FXE) as the benchmark for the quarter that if this keeps up, we are going to have revisions upward for Procter & Gamble (PG) and Kimberly-Clark (KMB) and Coca-Cola (KO) and Johnson & Johnson (JNJ) , and they aren't moving up enough right now on that good news.
Sure, Caterpillar (CAT) and Freeport-McMoRan (FCX) are roaring. I like that. The coal plays have traction. But these are breakout moves that are game-changers. So much of what has stalled this market had to do with a breakdown of both of these.
What if we get a breakout?