After U.S. stocks finished higher for the second straight session, Cramer on Thursday noted that most issues that had worried investors earlier in the week have since been addressed.
“One by one, the fears have been answered,” the “Mad Money” host said. “And you can see how the averages could bounce back with an alacrity that surprised the skeptics, including yours truly.”
Take the Greek debt crisis , for example. There is now a high level of optimism that Greece would secure its bond swap deal with private investors. Nearly 95 percent of bondholders have signed up to participate in the bond swap deal, according to officials, exceeding the 90 percent rate the country had been aiming for.
Elsewhere in the market, Cramer said the emerging markets had been sagging because their interest rates are set too high. In turn, the economies of China, Brazil and India are slowing down. Brazil’s central bank recognized this, though, and again cut its interest rates considerably. Cramer thinks China could follow suit with an interest rate cut of its own as soon as this weekend.
Meanwhile, Cramer thinks the U.S. economy is picking up. He has high hopes for the monthly government jobs report, which the Labor Department will release on Friday.
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