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Cramer on Monday reiterated one of his cardinal investing rules: It never pays to be 100% bearish.
Or bullish, for that matter. But he largely was focused on Wall Street’s overly negative mouthpieces, who try to downplay every bit of good news we get.
Oil and gas firm Denbury Resources’ [ DNR 16.29 
+0.14 (+0.87%) ] plan to buy Encore Energy Partners [ ENP 20.62 +0.02 (+0.10%) ] was a bad idea. Stanley Works [ SWK 58.53 
-0.30 (-0.51%) ] made an even worse move in buying Black & Decker [ BDK 74.62 -0.29 (-0.39%) ]. Last Friday’s reported GDP growth was rearview mirror. “Cash for Clunkers” boosted car sales, but don’t expect them to continue. Cramer isn’t exactly waving pompoms about the markets and the economy either, but he can recognize the good things that are happening. Such as today’s pending-home-sales number or Ford’s [ F 13.18 +0.27 (+2.09%) ] strong quarter or the bump in orders at 3M [ MMM 81.10 -0.16 (-0.20%) ], United Tech [ UTX 71.37 -0.67 (-0.93%) ], BHP [ BHP 78.82 +0.32 (+0.41%) ] or Freeport-McMoRan [ FCX 81.1616 +0.6616 (+0.82%) ].
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