Cramer: USA Today blew stock market story
If you want to make money, “don’t look at news headlines about the stock market,” said Jim Cramer on his “RealMoney” radio show Wednesday.
He pointed to a piece in USA Today’s business section as a prime example. The paper attributed Tuesday’s stock rally to lower oil prices, but Cramer said that the opposite was true.
Stocks rallied because oil and gas companies blew away their earnings numbers he said; and companies in this sector are reporting good numbers because oil prices have been high.
Read more here.