Cramer's Stop Trading! A Load of Bull (6/26/09)

Stocks discussed on Cramer's Stop Trading! TV Segment, Friday June 26.

Eaton (ETN), Cummins (CME), KBH Homes (KBH), Lennar (LEN), Wells Fargo (WFC)

While Cramer is usually bullish on the markets, he thinks recent predictions for the second half of 2009 are too bullish for him; "There are a lot of people staking out high-economic-growth ground right now. This is the most aggressive, bullish stuff I’ve seen,” he said. Cramer was skeptical of a Citigroup buy rating on Eaton and Cummins because of an alleged "big change in the economy."

Cramer would stay away from homebuilders Lennar and KBH despite fair numbers because of stiff competition from foreclosures. The real buys in this situation are banks like Wells Fargo, which cash in on selling foreclosures. “There’s just no money being made by these homebuilders,” Cramer said. “The money’s being made by the banks.”

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Comments

[Brooks:]

Cramer is a rabid A-hole.

Jun 29 08:55 AM

[J M Keyes:]

I love comments that reflect high intellectual attainment!


On Jun 29 08:55 AM Brooks wrote:

> Cramer is a rabid A-hole.

Jun 29 10:03 AM

[billd10:]

Cramer is a salesman. In this case, he recommends stocks when the CEOs appear on his show or if he's buying the stock for himself. If you follow him, he will recommend a stock today and then pan it in a few weeks or months. I think he buys and sells stocks all the time rather than holding onto companies that are well run and have a good future. He claims to emulate Warren Buffet, but Cramer is no Warren Buffet. I could do with more information and a lot less ego gratification and grandstanding.

Jun 29 11:19 AM

[User 438313:]

Well... if you want to trade and invest in stocks, think independently, think for yourself. As far as Mr. Cramer's advice is concerned, I haven't had much luck with it. One more thing, he confidently recommended WFC when it was around $32 bucks... at $23 something he said WFC was no good without even referring to his earlier push for WFC. He has no crystal ball that should be obvious to most traders/investors, but with such contradictory opinions, some explanation would be nice. O! By the way, WFC now at around $24 again is being recommended by Mr. Cramer... wow... these recommendations seem to be rather inconsistent to me unless I am missing something. One more thing, how about his recommendation of C at - I think - $8 (or even higher) and than saying stay away from it at 3 bucks or so without referring to the earlier opinion? Again, think independently, think for yourself. (Wojtek)

Jun 29 03:13 PM

[Fred Voetsch:]

On Jun 29 08:55 AM Brooks wrote:

> Cramer is a rabid A-hole.


I don't hate the guy but his interview with John Stewart proved to me that this man should be fired and possibly prosecuted.

Jun 29 04:25 PM

[TradingHelp...:]

Cramer the calm, rational, investing machine, emotions untouched by day-to-day market volatility.

www.youtube.com/watch?...

Jun 30 10:21 AM