Jim Cramer's Mad Money In-Depth, 11/29/07: Rudy Meets Cramer

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday November 29. Click on a stock ticker for more analysis:

Rudy on Mad Money

Republican Presidential candidate Rudolph Giuliani visited Cramer on Mad Money and on the subject of energy, Giuliani said he was committed to making the U.S. independent of foreign oil through further exploration and development of nuclear energy. He added, "We have more coal reserves than Saudi Arabia has oil reserves," and said coal supply expansion should be supported through government subsidies. When Cramer asked the former N.Y. mayor about tariffs, Giuliani commented, "They close us off from the rest of the world," and said they should only be used only for the very short-term. Concerning housing and the economy, Giuliani said lower taxes and a curb on government spending would help the dollar and attract foreign investment. "There's a strategy to tax reduction, it's called stimulating the economy," he said. Giuliani added the mortgage lenders should clean up their own mess.

On the subject of top priorities for the next President, Giuliani suggested a spending cap on civilian agencies; "We have to get our spending under control." He added decreasing growth is not a good strategy to close the gap between the rich and the poor, but suggested improving education and job opportunities as a better strategy to share the wealth.

Cash King Dethroned

With stocks rallying for a few days and the prediction the Fed will cut again, Cramer recommends getting out of cash; "The most bearish position now is cash … Cash is no longer king." He urged investors to leave behind money-market savings accounts and CDs, since a Fed cut may "crater" yields. Cramer suggested investing in high growth stocks, and more conservative investors may want to concentrate on dividend plays.

Mad Mail: Starbucks (SBUX) and Alcatel-Lucent (ALU)

Cramer expressed his bearishness toward Starbucks, especially since it has not performed well in China. Concerning ALU, Cramer said he would only consider buying the stock if Wall of Shame CEO Patricia Russo leaves the helm.

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