There were two large business events that defined a new cycle in the market on Wednesday, and Jim Cramer said it all comes down to squandered opportunities versus created opportunities.
“I’m talking about Yahoo’s decision to stand pat and not try to bring out any value, and Dow and DuPont’s decision to give up their storied legacies and become one company in order to create value,” the “Mad Money” host said.
Dow Chemical and DuPont have tried for many years to make shareholders wealthy through cost cutting and innovation. Unfortunately there were endless headwinds standing in their way, as they make products that require the global economy to grow in order to generate earnings growth that shareholders demand.
