Cramer's Stop Trading! BAC Is Back to Normal (12/4/09)

by: Miriam Metzinger

Stocks discussed on the Jim Cramer's Stop Trading! TV Segment, Friday December 4.

Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT), Bank of America (NYSE:BAC)

Cramer was pleased about the jobs number and admitted that if he had not heard good news, he might have given up hope for the economy in 2010. Even though there was still a significant number of jobs lost, it seems that the economy is "reviving." He denied that government bailouts are needed to prevent a deepening of the recession, and thinks companies can create jobs on their own. Even an interest rate hike of 1-3% might not be so terrible, but above that range would not be constructive for the economy. He would buy gold and look to a strengthening of the dollar. Cramer noted Intel (INTC), Microsoft (MSFT) and Bank of America (BAC) were all up in the wake of the unemployment number. He is amazed that Bank of America has managed to raise $19 billion to pay off TARP debts when raising $1.9 million would have seemed like a great feat just a year ago.


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