Cramer's Stop Trading! FXE Is an Effective Market Monitor (5/13/11)

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Includes: DTEGY, FXE, GS, T, VZ
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday May 13.

Currency Shares Euro Trust ETF (NYSEARCA:FXE), Verizon (NYSE:VZ), AT&T (NYSE:T), T-Mobile (OTCQX:DTEGY), Goldman Sachs (NYSE:GS)

Goldman Sachs (GS) will not be indicted, contrary to rumors, Cramer said, but the stock is still not worth buying because it is in the troubled financial sector which is facing an onslaught from the government.

Cramer would use Verizon's (VZ) first decline since the announcement of the AT&T (T) / T-Mobile (OTCQX:DTEGY) merger as an opportunity to buy. Verizon benefits from the deal without having to make many sacrifices, will be able to raise prices and yields 5%. It is also a great place to hide, since it has no dollar exposure.

A good monitor for the market is the CurrencyShares Euro Trust ETF (FXE). He thinks if the price of FXE falls to $138, the market may decline 2-3%.

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