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Cramer: Take A Leap Of Faith On Trump's 'Pro-Growth' Government

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Cramer: Take A Leap Of Faith On Trump's 'Pro-Growth' Government

The Dow Jones Industrial could very well hit the 20,000 milestone on Tuesday and CNBC's Jim Cramer suggested that investors continue taking a leap of faith that further gains can be made in 2017 and beyond.

Cramer was quick to point out that it's difficult for investors to take a leap of faith, especially after many multi-national industrial companies recently surprised investors with cautious guidance and commentary. For example, Honeywell International Inc. (NYSE: HON)'s light guidance in October while PPG Industries, Inc. (NYSE: PPG) provided investors with a negative pre-announcement - the first of its kind in eight years.

"We are in a moment when people are saying forget that, forget the currency - it doesn't matter, we've got growth," Cramer said. "It is such a change of pace and frankly I find it delightful because what it says is if we get top-line growth all is forgiven. How much have you and I wanted top-line growth over the past five years? Now we are going to get it."

Bottom line, nothing has officially changed in terms of government policy since Trump has yet to officially assume office.

Nevertheless, Cramer enthusiastically proclaimed he has already taken a leap of faith based on the president-elect's "pro growth government" policies as opposed to a "redistributionist government."

 

Related Articles (HON + PPG)

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Posted-In: Donald Trump Dow 20K Trump Rally Jim CramerPolitics Markets Media General Best of Benzinga

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