Jim Cramer ("Mad Money"show on CNBC) was unusually serious last night. He's not always correct with his stock picks, but very entertaining. The investment topic relating to the crisis in Egypt reminded me of this stormy view of our western frontier. I love silver linings.
"Given that the media now blows everything out of proportion, and it seems like we get some terrifying new crisis every other week, you need to develop your own list ... [and] be ready to buy them when the futures take everything down, as they do ... as they did Friday morning."
"Finally, we really have to go completely counterintuitive, and we've got to ask, is it possible ... get this one ... that the event could actually have a positive economic outcome ... positive ... I mean, could anything actually go right economically? This is the hardest prism to adopt ... first of all, because we're not thinking economically, right? We're a 24-hour news cycle that usually presumes everything is going to go wrong. They're not thinking about money. Believe me, I know this is really hard."
"It did get me thinking ... Hmm... what if everyone is too negative? What could turn out right? ... the situation there [in Egypt] looks a lot like, yes, Indonesia in 1965, after the year of living dangerously, where the government was overthrown. It turned out to be a huge positive inflection point for fantastic economic growth in Indonesia."
"The bottom line:
"The bottom line:
If you know what you own ... or what you want to own ... you can watch the days of living dangerously and come out ahead, not behind, when these terrifying events begin. There will be many more of these ... many, many more. And we need to profit from them, not run from them."
-- Jim Cramer 1/31/11 -- madmoneyrecap.com
