Cramer's Stop Trading! Prolonging the Rally (10/28/08)

Recap of Jim Cramer’s comments on Stop Trading! Tuesday October 28.

Prolonging the Rally – Raymond James (RJF), Stifel Financial (SF), Wells Fargo (WFC), New York Stock Exchange (NYSE)

Cramer says there were a lot of good things going on to bolster Tuesday’s rally: mutual funds took a break from selling, the market stopped being oversold and there seemed to be a potential resolution to the Boeing strike. The Dow was up 435 points by the end of the day. He thinks the rally can be extended if Europe and the U.S. coordinate their rate cuts. Cramer made bullish calls on Raymond James, Stifel Financial, Wells Fargo and added even NYSE could make a comeback. With oil down to $63, Cramer thinks the “green bubble” could pop.

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Comments

[cheryl:]

Go Cramer Go, at what point should you sell those nice dividend yeilding stocks.? I hate to give up a dividend

2008 Oct 29 11:57 AM