The Creamer sees DOW back to 7000

lovehutong9

Wednesday, April 22, 2009, 12:05pm MDT  |  Modified: Wednesday, April 22, 2009, 12:48pm
'Mad Money's' Cramer: Americans now see stocks as 'much riskier'
Denver Business Journal - by Matt Burns Columbus Business First


“Limited (Brands Inc.) has been a bad stock, but when I was at Goldman Sachs ... you would have been spellbound. But the growth has gone away. Big Lots still has growth, but I don’t like the way they handle themselves. I’m not a believer.”

Is there a U.S. automaker you’d invest in right now?

“Ford is a winner. It’s going to be a survivor and a really big stock in 2010.”

Has the market bottomed out?

“No. Anytime we get back down to 7,000 there are probably stocks to pick at, but I think that until we make this market clean, investigate what happened, and get the bad guys behind bars, this asset class is a suspect asset class. ... I think housing is a better investment than the stock market.”

Do you see any other big failures on the horizon?

“(General Motors Corp.) still needs to file for bankruptcy, but people are ready for that. People are thinking Citigroup has to go, but I’ve looked at its balance sheet – it has problems, but no.

“And some think Bank of America is in big trouble, but I don’t think so. If (Treasury Secretary) Tim Geithner hadn’t seen the light, I think it would be. But he knows he has to calm things down and that’s what he’s doing.”

You were a major Geithner critic in his early days. Where does your confidence stand now, on a scale of one to five?

“A four. It’d be a five if he could develop better speaking skills.”

n748

It's just trash talk. He changes his mind overnight. A couple of days ago, he was saying that market would not wait for, it would continue to go up big. Now he sees 7000? Give me a break.

rockman1988

anyone really believes Cramer?

dara

LOL, I watched his program a lot early this year.

One thing was so fun was that he kept recommending to buy Wachovia at 15+ because he thought the new CEO of Wach(named "steel" or something) was great.

Then after the news of Citi to buy Wach at 1 dollar(later WFC bought it at 6?), he kept confessing in his program every night say "I should never recommend buying bank stocks" for a long time.