Cramer's Stop Trading! Yes, Prime Minister (5/11/10)

 |  Includes: DIA, QQQ, SPY
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV segment, Tuesday May 11.

Cramer wouldn't try to game the change in power in Britain as Tory David Cameron replaced Gordon Brown as Prime Minister; "I want to steer clear of buying anything in Europe, including anything in the UK, because I still believe that the shorts want to take those stocks down.”

Instead, the best opportunities for stocks are in the U.S., where there is less political uncertainty and the obsession over healthcare reform and its discontents has been put to rest.

Cramer is hopeful that the International Monetary Fund will take care of Europe's problems and China's economy will cool off without exploding. He sees Monday's action as a sign of more upside in the economy rather than merely as a short covering. He is not worried about the rise in gold prices or the specter of inflation, which will serve as an antidote against Europe's deflation, "the enemy of profits." As always, Cramer would view any decline as an opportunity to buy good stocks.


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