I just got this email from Jim Cramer.
“I want you to stay the course. This rally is real,” Jim Cramer told the viewers of his “Mad Money” TV show Thursday.
He said this time there’s real news behind the market’s upward momentum, adding “we’re not done yet.”
Cramer’s said all along that he’d turn positive on stocks only when he saw real signs of improvement. He said ever since Lehman Brothers was put down like a dog, every day seemed to be worse than the one before, until this week.
Then he goes on to tout a couple of stock before he gets to the money quote:
Second, Bank Of America (BAC Quote – Cramer on BAC – Stock Picks) announced that it’s profitable. He said banks are making money and are under less scrutiny from the Fed.
Huzzah! LESS scrutiny…Long live free enterprise!