Cramer decides to 'accentuate the positive' in these markets

My mission is simple to make you money. I'm here to level the playing field for all investors. There is always a bull market somewhere and I promise to help you find it. Bad money. Start now Hi, I'm Kramer, welcome to Mad Money. Welcome to Craig. America I will be with my friends. I'm just trying to make you some money. My job is not only to entertain but also to educate and teach you. So call me at 1-800-743 CBC or tweet me at Jim Cramer wherever I go. hear death notes the banking system is collapsing exhausted consumers china is going to crush us russia is running us over we won't be able to get loans the real estate office is collapsing the national debt it's crazy what i say sometimes you have to take a page by Johnny Mercer and

accentuate

the pause a little more be a little more constructive own stock it paid before and you better pay again just look today you could have used these sold yesterday if you were that worried it gained 316 points let's go up 1.3 NASDAQ jumped 1.58 and I'm not trying to take things day by day I say be more constructive attenuated sense of what really affects stocks many seem to believe that the market calculates things rationally and that it shares its own assumptions, often negative , about the way the world works, for example, the market must know that Democrats and Republicans will never get along, so Congress cannot pass anything significant until at least 2024, they cannot help the banks while there is the government dysfunction that they assume could not exist. opportunity in stocks people think that the market knows that it will be almost impossible to solve the looming debt ceiling crisis and that if One Bank goes bankrupt everyone can go bankrupt its worrying nonsense but it was 12 years ago when it was solved oh yeah , the market fell from 19 to a high of 12. but it was resolved and more importantly, the averages never look back until the outbreak of greed, it's like you have to buy still, although what I want you to know is that there are very few rational things on the market. day by day and certainly not hour by hour or minute by minute, many of us act as if the market somehow knows it all and sees it all, yet due to the overwhelming negativity of the political media Echo Chamber I Think that this Market has become the sum of all our fears and remains so until it is so overshadowed that the fear is rich in our Collective Consciousness for a small period of time.

Let me give you some examples from the last week where we have been gripped by the fear of bank failures, the shocking collapse of 12 Silicon Valley Bank and Signature Bank made everyone worry that we could repeat the mistakes and disruptions and see the background that we saw during the Great Recession now it didn't matter that in 2008 what we had there was a credit crisis where banks were lending and borrowing at fake real estate prices, that was the case, it's not the case here at all and we have a mismatch between what banks own and what depositors expect them to own; those partisans can easily abandon their banks for better ones because the depositors may be the deposits may be too large to be insured by the FDIC, of ​​course, they can flee, a worried depositor can flee with the press of a key, particularly a worried depositor who needs money, we were surprised how quickly the Silicon Valley stock market collapsed, but when you have a handful of used depositors in the same industry constantly talking to each other and it leaks to social media, it's no mystery if they all decide to shut it down one time and it's terrifying to see a stock go from 267 to zero in less than two days, that's right in Silicon Valley.

It's more scary to see when another bank goes from 70 to zero over the course of a weekend, that's what happened to Signature, which had a similarly concentrated deposit base, except it was more crypto-oriented, then. Credit Suisse, a bank we've been concerned about for a long time, had already seen a stock go down to two dollars and then you wake up the next morning in church and it's worth half that and it stimulates a lot with UBS at the behest of the Swiss government. of bank debt disappeared before Common stopped, so when we see other banks, early Republicans say, spiritually similar deposit outflows, it's natural to assume that stock will also go to zero, even if it was in the 120s ago just over two weeks because that price of 120 had not been wrong, that's certainly what people thought: the stock's hit from 34 last Thursday to 12 yesterday, or that three and a half point rally today, although again is being sold after closing, which brings us to the current state of things, let's say the past. night and today we should learn that Treasury Secretary Yellen has had enough and has said that the process will be protected if that's what they have to do now that we don't have it written in stone, it's not something we can take to stock market so to speak, but let me see, you say we have to start being more

positive

, is the big problem with the early Republicans in the quality of Sloan's book, which is pretty good, but it's an old-fashioned bankruptcy where the deposits flee?

It was brought together to get a group of larger banks to deposit $30 billion into the damn thing to stop the run, so Yellen's thin red line means one bank will probably be saved and we may have seen the end of the run. crisis, this is how stocks rose almost 30. percent now again remember until today this market reflected the smart the sum of all the fears Zeitgeist about bank stocks suddenly some of those fears disappear we take a breath Bank stocks Rebound of a rally covered short maybe more than a short covered rally although could it be the genuine bottom but whoever gets caught saying that in the age of youtube no one has any short term guarantees does it make sense for the market to behave this way?

Of course, no one knows anything about what we are going to have with us. first published no one is about psychology maybe nothing has changed deposits are still fleeing maybe the FDIC ends up seizing stocks go to zero or maybe everyone feels common Eternal hope for the First Republic because of what Janet said Yellen maybe yesterday's fall was crazy I honestly have no idea but people don't act that way, they act so confident at every moment and you just don't know. What I'm saying is that it's unknown in the short term, doesn't mean it's unknown in the long term, which brings me to The second ridiculous example from last week, when we were worrying about which bank would be next, the brilliant Market sold to Any stock that requires a strong economy, especially oil and industrial, because banks fail well, won't they be crushed? not the companies we discovered today, the first Republic can be saved and the regional banks can be preserved so that everyone rushes back to the oils and the industrialists, yes they are flying, but they are hardly related to this crisis in any way, it has no sense. gets sillier when industrials, oils and banks were getting hit, the market rushed into safety stocks, which has improved plays like food and drug concerns, which were shot down today because, well, first Republic seems safe or at least safer than yesterday and then a final dose of stupidity, the market dove into technology last week because technology wins.

If the Fed stops tightening and bank runs could make that happen today, although it was technically sold when last week's rotation reversed, then we have buyers rushing to buy alphabet and meta, there is some

positive

analyst commentary and , by the way, meta had a statement where analysts said revenue growth is going to increase and that would be huge for meta and the other one, alphabet, which was just some analysts saying, you know what. I think it's the right time to buy, but guess what we saw really good news from another company and we saw great news from Nvidia and that's a very different situation.

People are much more excited about Nvidia because they should be because they are talking. about the AI ​​genre and has suddenly become common, it's the iPhone moments between which the CEO has the best technology to drive things forward. We have gentlemen on the program tonight and I must tell you that his speech today made me think of anything. could do it Nvidia can do it better and then you can do it better anything better than you yeah with apologies Danny Oakley that was the only thing I heard in the last 48 hours that has any meaning it was Nvidia everything else is just emotion, the last part.

Market stupidity, there are many people who did not want to take action today because who knows what the head of the Federal Reserve, J. Powell, will do tomorrow or how he will be received by Wall Street. Will he adjust to a quarter point, possibly sending a sign of strength? Will you leave rates unchanged? Possibly it is a sign of weakness or even matters at all. It's important for those who are afraid, but it doesn't matter if you think we're closer to the end of the adjustment cycle, that's what's important to me. because stocks do better when we are no longer fighting the FED, whether our friend supports Pat or just the titans buy a quarter point, there is no denying that we are reaching the end of this cycle of rate holdups and I hope this market idiot really understands this. which is good news, this is the fundamental thing.

I'm not saying you can ignore day-to-day action. I'm simply saying that anyone who thinks they know what's going to happen in the next few hours has been proven wrong. time, but if you look at the longer term, owning shares of high quality companies that have good limits, good balances, history says you tend to be a winner Patton Texas Pat, yes, thanks James for taking my call, thanks for everything what you do oh thank you Justin Club. member and thank you for all your charitable donation. My question is about Home Depot. The balance sheet has total assets of 76 billion, total liabilities of 74 billion, long-term debt of 42 billion, cash on hand of 2.7 billion at that rate. of the balance sheet is Home Depot, a purchase, remember that Home Depot has to borrow to be able to do its business, in fact it has an excellent balance sheet.

Anyone who looked at the balance sheet during 2008 recognized that this company is one of the most conservative companies on Earth. It also has gigantic free cash flow. I like Home Depot. Now I'm worried about it again. It's like I said at the beginning of the program. I don't know if Home Depot is having a good day or a good day. week or a good month. I just think Home Depot is a great franchise. Now I say it pays to be constructive in the long term. So what's with all the negativity out there? I think it is very poorly directed.

Well, maybe I'll tell him. Huntington Bank stock is pretty caught up in this Regional Bank Crossfire, so is this a name investors can trust? I'm digging into the details with the company's top risk and then as I mentioned, Nvidia held its GTC conference today with a ton of news. announcements on the AI ​​front, so what did we learn from Leonardo da Vinci himself during the keynote? Don't miss my exclusive with nvidia founder and CEO Jensen Wong and Mary Dillon, formerly of Ulta, is now running Foot Locker and I'm learning. more about his vision for the footwear retailer to see if the stock could fit perfectly into his portfolio.

I'm thinking positively. How about you stay with Clinton? Don't miss a second of Mad Money. Follow Jim Cramer on Twitter. I have a question tweet Kramer hashtag madtweeks send Jim an email at Mad Money at cnbc.com or call us at 1-800-743-cnbc. It's something, please go to madmoney.cnbc.com thank you.