Cramer's Stop Trading! This Is One of the Greatest Rallies in History (3/27/09)

Stocks discussed Jim Cramer's Stop Trading! TV Program, Friday March 27.

Bank of America (BAC), JP Morgan Chase (JPM), Anadarko Petroleum (APC), Apache (APA), Devon Energy (DVN), KB Homes (KBH), DR Horton (DHI), Pulte Homes (PHM)

Cramer isn't worried about remarks from Bank of America CEO Kenneth Lewis and JP Morgan CEO Jamie Dimon that March was weaker than January and February. He thinks the decline is due to the banks' having been short the first two months and that they had to change their direction during the upturn. Cramer is a bull on the return of investment banking. He is not concerned with the decline in the sector in general because there is a relaxation after a real rally; in a mere bear market rally, banks would just keep going, and in one swoop, would get cut in half. Cramer thinks this isn't merely a real rally; "This has been one of the greatest rallies in history," he declared.

Cramer is also not concerned about the decline in natural gas, either. After Anadarko, Devon Energy and Apache have been up so dramatically, "how can they not take a break?"

KBH's quarter was a "thing of beauty." Cramer doesn't think KBH is in a vacuum, but other good homebuilders such as Pulte and DR Horton are also buys.

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Comments

[PeteK:]

Cramer is right about Home Builders.
They were almost beaten to death.
With $15,000 credit from uncle Sam,
Home builders sure get a lift.
Other builders such BZH up over 300% since march 12th.
HOV also up over 50% since march 20th.
It's about time to save these real American Industries.

Mar 28 09:30 PM

[Ranchr:]

I ran the Northern California of a geographically diversified home building company from the mid-80's through the mid-90's and these guys are predominately merchant builders (buy finished lots, build and sell homes). Watch and see who is buying lots, that is the leading indicator and where you invest.

Mar 28 09:55 PM

[market ace:]

Cramer has already been proven to be an idiot and a giant loser. Go ahead a play along suckers!

Mar 28 11:25 PM

[PeteK:]

Market ace;
Maybe you should call yourself "Market rat."
An Ace don't behave like that.
You are entitled to your own opinion and others too.
Nobody is right 100% all the time, including you and me.
Just keep calm and stay away from the market for awhile.
You'll be fine.

Mar 29 12:51 AM

[workedlate:]

thank you!!!


On Mar 28 11:25 PM Market ace wrote:

> Cramer has already been proven to be an idiot and a giant loser.
> Go ahead a play along suckers!

Mar 29 02:25 AM

[Chaim Kimel...:]

March 27 According to the charts, this day is the Begining of the REAL Bear Market.
Several tops hit resistance lines and are bound downwards.
I imagine that all expectations are transformed in buy and sell orders, and thus creating the market prices...............
These market prices are best viewed in graphic format thus enabling investors to know where we are exactly. Please have patience in your spirit and cash in portfolio!

Mar 29 02:27 AM

[workedlate:]

Cramer just keeps making bad calls and saying stupid things......if he is on air long enough he will eventually be able to be right.


On Mar 28 11:25 PM Market ace wrote:

> Cramer has already been proven to be an idiot and a giant loser.
> Go ahead a play along suckers!

Mar 29 02:28 AM

[epeon:]

What has fundamentally changed with the Banks? As far as I can see the only thing that has changed is that we now have a proposed plan. Note: this is a plan that has not been approved by congress (and I have serious doubt if congress is going to throw another $100 billion at the banks - congress is now getting feedback as the fog of hope and change starts to clear) and it is also a plan that may not work. So, we have a maybe on a maybe.

I bought SKF last week at 91. So, I am betting against the banks.

Mar 29 08:06 AM

[Heardt:]

Kramer is a tool of the short term complex that rules American society. He constantly plays to the tune of whoever has the attention of the mass media. He completely ignores fundamental analysis. He goes out of his way to ignore objective insight. He has zero perspective. He appears completely and utterly brainwashed by the Bernanke-Geithner-Obama spin.

What an idiot.

Mar 29 12:11 PM

[mbmalone:]

I think the government is making Cramer say these positive things.
I think he was "talked to" by the Obama Administration.

On Mar 28 11:25 PM Market ace wrote:

> Cramer has already been proven to be an idiot and a giant loser.
> Go ahead a play along suckers!

Mar 29 12:33 PM

[Slick Irons:]

Cramer's stock picks have proven to be a bad as his greyhound picks at Wonderland thirty-five years ago !!! As usual, this late, great rally to which he refers to, is about spent.

But, I expect a typical "summer rally" of about 17% in the NASDAQ. Then, I foresee a later summer swoon of 20% that contiues until year-end. Finally, I envision a 14% surge, as the New Year commences. In short, mostly seasonal stuff, in a volatile, but, rather flat year. Covered call-writes can work in this environment.

Avoid Cramer's stock tips and market advice. He reminds me of the ticket "stoopers" at Wonderland, who marvel at their ability to forecast winners AFTER the race...lol...

Mar 29 01:26 PM

[BxCapricorn:]

Boggles the mind how Cramer cannot seem to recognize a short squeeze of mythical proportions, followed by Mutual Fund window dressing buys. The latter closed Thursday, and what happened Friday? He'll blame "profit taking" after a really "great run", while those that chart the market stare off into the distance wondering if his audience knows just how little Cramer thinks of them.

Mar 29 01:32 PM

[InvestBaboo:]

Cramer is right on the money.

The trend is your friend till the bend at the end. The trend has turned positive in a wide spectrum of companies in a wide spectrum of industries.

The greatest wealth building opportunity is at hand. Name brand American global behemoths are on firesale for unbelievable prices. If you missed the 20% uplift you are not late. We are probabbly looking at 100 to 200% uplift coming in quality companies over the next year. If you buy beaten down names in 5 years you will make signifcant wealth.

Follow the trend. Buy now. Rumor's of America's death has been greatly exaggerated.

Mar 29 01:42 PM

[cayoblues:]

Please elaberate!


On Mar 28 09:55 PM Ranchr wrote:

> I ran the Northern California of a geographically diversified home
> building company from the mid-80's through the mid-90's and these
> guys are predominately merchant builders (buy finished lots, build
> and sell homes). Watch and see who is buying lots, that is the leading
> indicator and where you invest.

Mar 29 03:48 PM

[PeteK:]

Northern California is a beautiful place to retire to.
Lots of wilderness and not much developed.
Unlike the East coast, ocean front is still cheap.
It's just like a different country.

Mar 29 07:12 PM

[PeteK:]

InvestBaboo;
You are exactly correct.
Ross Perot once said " never seen an economist got rich."
How true !! Buying stocks are not exact-science.
Can't fool around with numbers too much.

Mar 29 07:19 PM

[G.Kelly:]

OMG...this is so depressing.
Some 3.5 million homes sitting empty? A house building boom?
Fed steps in and has to buy 300 of its own dept.
UE up every report, even as those whose benefits have run out drop off the stat sheets?
17,000 troops just beginning in the most expensive black hole war ever "fought"?
China about to pull the plug on our cheap credit?
Trillions of dollars about to be saddled on to the public's back?

Etc. etc. etc.....My good God man, get one of those new stem cell brains. This is a SUCKER bear rally if there ever was one.


Good God man!

Mar 30 02:57 AM

[holmesnmanny:]

Cramer's wrong again. Who woulda thought?

Mar 30 04:56 AM

[Dr. O:]

>>Cramer's Stop Trading! This Is One of the Greatest Rallies in History (3/27/09)<<

In a volatile, down-trending, short-term over bought market, rallies need to be sold.

Mar 30 08:54 AM

[PassingBy55:]

Market manipulation, no two ways about it

Mar 30 10:03 AM

[BxCapricorn:]

For those that believed in Cramer's call, now that the AIG unwind and the beneficiaries have been shown by Tyler Durden's Monday post, do you really believe that Cramer did not know this? He set you up long in a market filled with fantasy and conjecture. Look at the technicals when Cramer speaks. It's enlightening.

Mar 30 11:35 AM

[momomiester:]

Even a blind squirrel finds a nut some times. And even a nut will find a squirrel. This is the same guy who went on national tv saying stay away for 5yrs? He should be studied as a phenom of pop culture. Someone who is totally offensive yet popular kind of like a Tia Tequilla of the investment world.

Mar 30 12:08 PM

[BadCompany:]

Yeah, it's one of the greatest rallies in history. Citibank had never risen 200% in two weeks, before. This must be of great consolation to the mass of investors whose purchase price was in the 35-50 range.

Let's take a look at this rally, shall we? It came on the heels of a massive decline. So, to get in at the bottom, you would've had to catch a falling knife, or, in other words get lucky. More rational investors would've waited for confirmation which came in the low 7k range. The market, today (03-30-09), sits at ~7.5K. So, anyone who did jump in is looking at gains of less than 10%, in this, one of the greatest rallies ever.

Mar 30 07:52 PM

[BxCapricorn:]

I can only hope that Cramer bookmarks this page in the future and re-reads it twenty years from now. If my calculations are correct, he would be living in an insane asylum (but still possess a thumbdrive, which he smuggled in a body cavity), and in a moment of clarity, remembers the moment that it all fell apart. He finds this one page, and here I am, with multiple posts, asking "Why? Were you a shill for the banking industry? Were you a minion? Why did you find it necessary to get people's retirement savings, back into the market, when you knew the counter-party risks still lurking on Wall Street? No one can be that "accidentally" dumb, especially not a mere one week removed from a verbal "horse whipping" on The Daily Show." End transmission, and please properly dispose of the thumbdrive, as it is a biological hazard.

Mar 30 09:12 PM

[schlumpf:]

in Hamburg on the fish market there are a lot Cramers.

www.youtube.com/watch?...

Mar 31 07:34 AM

[DJ Anderson:]

Cramer is a joke! He's been much more wrong than right. How about that nice Starbuck's tip about 1 1/2 years ago? A classic masterful mistake. The talking heads on CNBC are stock promoter's. Just look at the ad's. The rest are just novice speculators who will be on no matter what bad advice they give out.

"Fast Money" is tolerable when they have the real experts on, like Peter Schiff.

Mar 31 12:37 PM

[Kunst:]

Isn't it great that Cramer has a crystal ball that can foretell the future? Too bad he just found it.

Mar 31 05:01 PM