Jim Cramer's Stop Trading! 11/15/07: Buy Fannie May Chocolates

Recap of Jim Cramer’s comments on Stop Trading! Thursday November 15. Click on a stock ticker for more analysis:

Wells Fargo (WFC): As the Dow fell 50 points, Cramer suggested viewers take a look at WFC CEO John Stumpf's real estate report,"Everyone has to go read this because it's filled with all the reasons the market goes down most days," Cramer said. He applauded the firm's unwillingness to be involved with troublesome structured loans, touted by the "The city slicker New Yorker guys." The report warned of "the big declines in certain markets." But on a slightly brighter note, Cramer observed Stumpf "does continue to say the defaults ... if you own your home, are very low." Cramer discussed difficulties with mortgage bond funds and mortgage insurer Fannie Mae's (FNM)steep decline on Thursday; " Buy Fannie May chocolates, sell Fannie Mae stock," Cramer said.

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