Cramer's Stop Trading! Japan Is Not Chernobyl (3/15/11)

Includes: EXC, TKECF
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday March 15.

"Ben Bernanke reads the papers," Cramer commented on the Fed Chairman's optimism even amid global disasters. Still there is plenty of room to be cautious. "If we knew these plants (Japanese nuclear power plants) are under control...and they seem to be...if you can take the Chernobyl scenario off the table...that might be a reason to start buying." However, Cramer noted he wasn't endorsing direct investments in Japanese companies, and that he "hasn't liked Japan since 1987," as an investment.

Erin Burnett noted that Tokyo Electric Power (OTCPK:TKECF) is down a full 42%, but Cramer says he would prefer to buy Exelon (NYSE:EXC), and added the current problem is not like a problem with offshore drilling in the Gulf of Mexico. The problem is that people are now worried about how far they live from a nuclear reactor, and the future of nuclear energy is at best, uncertain.


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