Cramer's Stop Trading! CAT and Iraq (10/20/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday October 20.

Buoyed by its earnings beat of 64 cents per share compared to the Street's estimates of just 6 cents per share, Cramer thinks Caterpillar (CAT) needs to start hiring again to cope with the rise of demand on the falling dollar. Caterpillar's CEO Jim Owens discussed opportunity in Iraq, and Cramer said many investors are looking for a trade in Iraqi currency, the dinar, but do not have a vehicle. He does not recommend a proposed mutual fund deal between Babylon Fund, Auerbach Grayson and Northern Gulf Partners. Cramer called for the creation of an Iraqi ETF; "The one that sets it up first is going to have a lot of dollars in it."

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