Jim Cramer's Stop Trading! 10/25/07: Housing Burning Down

Recap of Jim Cramer’s comments on Stop Trading! Thursday October 25. Click on a stock ticker for more analysis:

MGIC (MTG): For investors who may erroneously believe housing is at bottom Cramer warned to stay away from financial stocks, especially mortgage insurers like MGIC, especially since it recently cut its dividend by 90%. He says the entire sector is "dreadful" and says the lowest point will be $500 billion in mortgage defaults.

Nabors (NBR), Schlumberger (SLB): Cramer would avoid NBR which he compares to Baltic Avenue on the Monopoly Board and would be careful about SLB, which was like Park Avenue before the selloff last Friday.

Lab Corp (LH), Comcast (CMCSA), Zimmer (ZMH): Cramer confessed he was bewildered the market wasn't lower since top-line performers LH, CMCSA and ZMH reported bad quarters.

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