Why the Smart Money Is Buying; Unchecking the Boxes: Jim Cramer's Best Blogs

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Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

Why it just might be the time to buy into the market -- carefully -- and get your money to work.

Fresh indicators that the Fed shouldn't have raised rates in December.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

Must Read: Could the Dow Hit 12,000?

The Smartest Trader in the World Is Looking to Buy Stocks

Posted on Jan. 14 at 7:07 a.m. ET

The smartest trader in the world chatted me up about stocks yesterday afternoon, when all hell was breaking loose and I was trying to put together the top of "Mad Money" for one more time, after repeatedly having to revise the opening to make it even more negative than the last iteration.

The Smartest Trader in the World has casually mentioned stocks to me over the course of the last few months. Typically, though, it's just been to complain about how horrible the action is. Sometimes it's just to indict the FANGs -- Action Alerts PLUS holding Facebook (FB - Get Report) , Growth Seeker name Amazon (AMZN - Get Report) , Netflix (NFLX - Get Report) and Alphabet (GOOGL - Get Report) -- and how they are just getting more and more ridiculously loved, "which you know has to end badly."

But yesterday was different. They were at last getting to the FANGs, and she liked that. That's not an indictment of FANG per se -- a group of letters so long in the tooth that it seems painful to mention them. As she would tell you, there's always a FANG or two or three out there at any given time, whether it be Walmart (WMT) and Limited of the early '80s, Merck (MRK) and Bristol-Myers (BMY) and Coca-Cola (KO) and PepsiCo (PEP) and Waste Management (WM) of the mid to late '80s, or Intel (INTC) and Microsoft (MSFT) of the '90s, there's always something going too right. Each generation has its own companies like Yahoo! (YHOO) and Pfizer (PFE - Get Report) , or like U.S. Robotics and Broadcast.com, and they are always wildly overvalued at various snapshots in time.

Who remembers when Google looked like it was selling at 100x earnings, when it ended up selling at a fraction of that when the earnings exploded? Same with Facebook right before it tapped into the love of Instagram and the lucrative joy of mobile. Or Netflix and Amazon, at any time.

No, FANG was just a typical manifestation of the lack of breadth that the Smartest Trader in the World can't stand, regardless of what they really do or earn, if they earn anything at all. That was never her thing. Never will be. Too granular.

Nah, her contempt for the market had made it pretty much off limits to bring up. At least without a fight.

Yesterday was different.

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Source: Why the Smart Money Is Buying; Unchecking the Boxes: Jim Cramer's Best Blogs