Friends. Im just trying to save you a little money. Im trying to coach you here. So call me at 18800743cnbc. Do we worry too much . I found myself asking that question all day as the dow surged 100 points. S p gained 1. 19 . The nasdaq climbed 1. 32 percent. I found myself asking because the litany of worries that i hear daily on tv and read on the web would frighten anyone out of the stock market. As we know from all the cash thats falling out of equities including probably today, that frights having an impact, even as it clearly took a holiday into todays session. Now, i am not advocating complacency, not after a Beautiful Day like today. That would be irresponsible. We do have a ton of things to be concerned about. Why dont we do this. Lets tick down the differences between what im hearing people worry about versus whats truly worrisome. So we get to the phony worry and the real worry. First the fiscal cliff. Something very important has happened in the discussion of the cliff. And its not that its about to be solved. You see, in the last few weeks its become very apparent that the president doesnt really want to negotiate, or he would be offering some spending cuts to match the speaker of the houses recent offer to vote for some tax increases. He feels he is offering spending cuts. I dont see them. They seem illusory. Plus, we had far more senators and representatives saying they dont expect anything to come out of the negotiations to avoid the cliff. Theyve been saying it publicly, but from my two trips down there, theyre saying it privately to me, too. That certainly sounds worrisome, right . But its exactly the backdrop this stock market needs. Think about the journey weve taken. We needed to go from extreme optimism, where we were originally about a deal, to a degree of optimism, where weve been just a couple of weeks ago, to a recognition that the president has said, look, i ran on higher taxes for the rich, not spending cuts. So were going over the cliff. And ill show you, republicans. Im going to show you that people that youre going to be able to be tarred and feathered over this issue that you care more about rich people getting a break than you care about the other 98 . And ive got to tell you, it is a brilliant tactic because the president s laying the groundwork for a position that has the republicans in a pincher move. Most republicans who signed the norquist pledge to never raise taxes will per se be regarded as being in the pockets of the rich. Not a place you want to be after what weve been through in this country. The president is saying you know it will prevent you from getting hit with a primary challenge from grover, but we will come after you with populist candidates who will defeat you in the general election even after you got the Grover Norquist nod for keeping taxes down. Or at least voting against them. In other words, we might be going over the cliff simply so the president can prove a point about who is really elected. Of course, once we go over, the president and gop can get united on cutting taxes, and they can champion the other 98 without being perceived as being in the pocket of the rich. All this means that despite i dont expect them to be able to rise above any time soon, it means there will be a deal. Its just not going to be a deal in time for the end of the year, and that is now taking hold of the market. It will only take a couple of paychecks for the people of this country to be horrified by how much their taxes have increased. So what im doing is saying all right, what the markets starting to realize is there wont be a deal at the end of theres going to be a deal by the super bowl. So im calling this the super bowl agreement. I think there will be one by then. So if you can wait, i think youll be rewarded, even as you may have to suffer through a small 4 to 5 hit at year end. I know next week. I dont think it will be more than that, though. But certainly some decline essential because the sentiment and understanding that our leaders have failed is getting palpable, and thats going to breed selling after a nice day like today. The leaders wont back, we all know that. It is a quandary. Why the heck were we even optimistic for a second . Im not being complacent here. Im simply getting recognized that the president and the gop hate each other so much that they wont be able to agree on anything until regular voters notice the problem and start getting angry. The second concern, that there can be no end to the feds new accommodative policy announced last wednesday of waiting to raise rates until the employment rate is much lower. Yes, people are worried about the roaring inflation that the fed chief is going to be igniting simply because he wants to wait until employments down to 6. 5 before he starts raising. Now, i actually cant believe people are actually worried about this. Theyre fretting about what happens after bernanke succeeds . How about worrying if he can succeed . Weve become terrible creating jobs in this country and are much better at exporting jobs to other countries who then can pollute the heck out of the skies, make the stuff cheaper and then dump it here. Weve done very little as a nation to help companies relocate here or repatriate cash. And were perceived as a nogrowth country as a place to invest in. More companies would prefer to expand in asia than here, or even europe that i talk to. The bountiful energy found in america, all of the natural gas and all that stuff, i can think of just three Companies Taking advantage of it. And thats talking about exporting it. The partnership sign. A 20year agreement with total today, cqp is the symbol there. The real problem is in the exporting of the cheaper, cleaner fuel that is natural gas. Not burning it here. Or manufacturing with it. The Industrial Renaissance as ive been telling you, as much as it just breaks my heart, is stillborn. Its not Getting Better. Retails a real worry. I think weve fallen off a gift cliff. So few companies i know are doing well this holiday season. It is looking like a total bust. Courtesy of sandy, incredibly warm weather and, of course, the fear engendered by the serious issue that is the fiscal cliff. I see that weakness and im not crazy about these stocks, in general. But i think that the conclusion of the housing crisis is upon us. Which means there will be more money going to building and fixing up homes in 2013 than there was in 2012. So that means there will be up comparisons, and thats good. There will be sure to buy housingrelated play into the fiscal cliff jump if we get one next week. Oh, and im including banks. Theyve really taken off here, too. In large part that is because the housing crisis is over. How about the rest of the worlds growth . Not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. Of course, they subsequently turned out to be the single best places to invest for fixed income in the world. Not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. Thats still the case. We have been buying an etf for my travel trust. Was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a depression . I think theyll have slow growth for years. We know a ton of countries that could do very well in a lowgrowth environment. A year ago all the wise guys were telling us to avoid china because it was a house of cards. The course only grew more uniform through the summer and fall with the Chinese Market falling to multiyear lows. But in the last few weeks, chinas economy bottomed during the summer as they were focused way too much on beating inflation. Now its become the best performer in the world, and i dont think youve missed the move which is why my trust has been buying an etf that mimics china. Finally theres apple. Weve become addicted to apple. We are deeply focused on its decline which continued in the a. M. Today, taking out 500 right before the opening, while it rallied with the rest of the market into the bell. Im sure some people feel its now washed out. I for one welcome the shakeout. Apple had gotten too hot. Apple had become the only stock that people talked about, a sure sign it was overheated. The summer soldiers, the sunshine patriots, theyre now headed for the hills. Aided by analysts who cant take the pain and are anxious to distance themselves from a stock that they perceive to be a loser so they cut the price targets and their numbers. I dont know if their numbers are right. As painful as it might be, its a cathartic move. One that should end in the tax year is over. No one stock should be able to reign over the others that are publicly traded. Apples reign is now ending, and thats good news, not bad. Including only good news for apple as a sustainable run does not ever include a parabolic move. Heres the bottom line. Theres a difference frightened about anything versus the skeptical observer who can take advantage of opportunities. We are gone from being complacent to being overly worried and now its time to be optimistic worried that the heightened worry of others will help us. Lets go to ct in new york. Ct. Caller hey, big booyah to you, jim. Im talking to you today. A couple weeks ago i was in pain. I was in the house of pain. Today its tough, and im talking now hallelujah so now tell me, am i staying with it or losing my mind . This is controversial because im just going to tell you the news. And the news is is that apparently sales are very good for it, okay . If sales are very good for it, the stock can go higher. I actually tried to dodge a very bad move and got people out. You can say well, listen, jim, why are you telling people to buy it now . Im not. Im just telling people that the news is positive. Theres too many other stocks out there that im trying to help you with. I can read you the news. I dont have any other insight. Lets go to jim in florida. Jim. Caller big booyah from sunny brooksville, florida, jim. Sweet. Whats going on there, partner . Caller first thanks for what you do for us. Thank you. Thank you. Caller i have some real solid stocks that have been about 25 ers for me for the last two, three years. Okay. Caller with this pending fiscal cliff, i look at the market going down. Im thinking of selling off a bunch of these shares and rebuying them at a lower cost once the bottom hits to increase my share quantity. Im wondering if you think that would be a good strategy, and one might be good parameters on what to buy on, a drop of 10 , 20 . This is important. Im thinking we could have a small decline. I dont think were going to have a huge decline at year end. I dont think well get a deal done in time. What i want you to do is stay the course. No one ever got hurt taking a profit. And if youre worried about taxes, of course, you take some off right now. But be ready to get back in. I dont think we can be nimble enough to get out and get in. Look at what happened during that ridiculous period with the debt wrangling last year where you made all the money that you had lost in about four days. If you didnt catch the bottom, you didnt get back in. Thats what i fear. Lets go to darrell in alabama, please, darrell. Caller hey, jim. Thanks for taking my call. I want to give you a birmingham booyah. Ill take it, thank you. Caller listen, i had bought some shares of wells fargo not too long ago and will do a little homework on it, finding out the federal reserves going to implement the third bazzle accord from 2013 to 2018, changing standards on the capital adkwsy stress testing and market liquidity. Ive been reading a little bit about how it could possibly decrease annual gdp growth. Im wondering, what do you think that means for wells fargo, and would you consider it a buy sell or hold . Wells fargo is my favorite banks. Its one of my large positions for my Charitable Trust. Why . 30 of the Mortgage Market is well. I am less concerned about the international. Their Balance Sheets pretty darn good. They can buy back a ton of stock. Wfc is for me right here, probably one of the biggest stocks for 2013. Weve gone from a state of complacency to being overly worried. I think caution is the key, okay . But its time to take advantage of opportunities. There are plenty of them out there. Simply because everyone is so worried about so many Different Things that its keeping a lid on the market, one that you can take advantage of. Mad money will be right back. Coming up, fine print. The 30 move in publishing play scratcher for wall street this year. Has the stock defied the odds and moved higher . As we count down to the new year. Could its media brands continue to rate well as digital ramps up . Or is it time to change the channel . Stay tuned. And later, set sail . Hurricane sandy battered the east coast. Hitting americas boating industry especially hard. Causing over 500 million in damage. Now as americans start to pick up the pieces, cramers taking to the high seas to help your portfolio achieve smooth sailing. Dont miss the boat just ahead. Plus, fearing the worst as we approach the edge of the fiscal cliff . 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I would never come out here and tell you that the stock market always makes perfect sense. The truth is that in the short term, hey, you know what, even in the medium term, individual stocks, well, lets say their moves can be illogical, absurd or insane. And we accept this. Its just part of the game. Every now and then the stock market will do something so contrary to our preconceptions that all we can say is, what the heck . Consider the curious case of gannett, gci for all you home gamers. Gannett is pretty much most popular, most colorful paper along with 81 other daily publications, mostly local papers, about 500 magazines. For years we have heard that print is a dying medium, and newspapers are pretty much on life support. Thats been the conventional wisdom. And for most publications and most newspaper companies, this grim outlook, its been dead on. Yet gannett, on the other hand, has been on fire. The stock is up 35 for the year. Much better than the 14 gain in the s p 500 of the same period. So what the heck is going on . How is it that this Newspaper Companys performing like such a champ . We all know that theres no future in print, right . I mean, the internet was supposed to destroy the whole business model, right . Sell, sell, sell. But not only is gannett not destroyed, the company is executing on a phenomenal turnaround plan, and the stock has been roaring. Its just 2 points off its 52week high. How did gannett manage to pull this off . Okay, first of all, rather than trying to fight the internet, gannett did something radical. It embraced it. The company now gets 26 of its revenues from digital activities. And in the latest quarter, that Digital Segment grew at a fabulous 23 clip. Now, take their biggest paper, usa today, which now is the leading news in the ipad and the number one app period on amazons kindle fire. That cane gannett some brilliant moves. The most important one was personnel. It brought in a guy named larry kramer. No relation. Hes an internet guy. Although i know and love him, the former creator and editor of market watch to be usa todays publisher. Kramer has made a huge difference as anybody who has read the paper since hes come in knows this, or the website. Hes revitalized it and, of course, the usa today website, im calling it glorious. I love this. It seems like every time you go to it, its gotten better. Kramer is the first internet editor with print experience, and that means the world. Plus theres a reason this is the most popular newspaper in america, thats because product actually does matter. Content, we call it. You give people what they want, and it can be huge. Even if youre operating in an industry thats supposed to be on its death bed. I read it and love it every day, particularly for the money but yes, i admit, i am more addicted to the sports sections. And its not just usa today. Gannett has dozens of local papers, and those papers have websites that give them the presence in the 140 billion local Advertising Market thats traded Internet Companies like yahoo or groupon. See the ad today . Pass. Could only wish for it. The Company Operates 23 television stations, 19 markets and the aptly named network that runs on tv screens in elevators. What should i look at . There it is. Tv accounts for more than 17 of their revenues, and this part of the business is absolutely e en fuego. The revenue has increased by an astounding 38 year over year. Thats huge part because of political advertisements. As gannetts local news stations, well, theyre kind of exactly the kind of channels where the politicians, political organizations like to spend their money. And now that theres no real limit on what rich people can spend to influence elections, their tv biz can get a serious boost every other year. 2014 midterm elections, they will be great for this companys bottom line. Most important of all, though, gannett has excellent and visionary management. Five years ago when the economy was still in good shape before the onset of the recession, a lot of people were telling gannett to borrow billions to pay a special dividend or give a gigantic buyback. Uhuh, instead, even though the credit markets were still strong, the company chose to use its robust Free Cash Flow to pay down its debt. Thats how this Newspaper Company survived the financial crisis. And gannett has continued to clean up the Balance Sheet. Its reduced its debt by more than 2 billion. Impressive. Thanks to these moves, gannett now has the flexibility to in