Jim Cramer's Mad Money In-Depth, 12/14/07: Cramer Meets Ron Paul

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday December 14. Click on a stock ticker for more analysis:

Fulcrum of the Market: Goldman Sachs (GS), Research in Motion (RIMM), Best Buy (BBY) Cramer says the bears are poised to savage GS, RIMM and BBY no matter how strong their earnings reports are next week. He said though GS has been avoiding bad mortgages, "The thing about stocks is that they react a lot better to unknown good news rather than known good news," Cramer explained. "You need a combination of a low price plus an upside surprise to get a stock to go up." During his hedge fund days, Cramer referred to GS, RIMM and BBY as the "fulcrum of the market." He would sell the stocks on Monday and buy them back after they fall.

Special Guest GOP Presidential Candidate Ron Paul

"I'm no fan of the Fed," declared Cramer, and he said few people have the nerve to criticize the Federal Reserve. He identified Ron Paul of Texas as one of the brave few who are willing to tell the truth, and Ron Paul admitted he saw the crisis begin a long time ago and criticized the secrecy of the Fed, which he says is more closed than the CIA. Ron Paul said market forces, and not the Fed, should determine interest rates and discussed domestic economic problems which he believes his opponents are prepared to ignore, either because they lack understanding of monetary policy or benefit from the current state of affairs.

Flextronics (FLEX)

Cramer reported Flextronics, which has been a loser stock for a long time is now No. 2 in the industry after it purchased its rival Solectron in October, and since it has it seems to be integrating the company sooner than expected, analysts will have to raise their estimates. Competitors will have to make acquisitions of their own to compete, and FLEX's pricing power should increase. Cramer said FLEX is a buy for speculation Friday.

Mad Mail: Under Armour (UA), VF Corp (VFC)

A mailer asked Cramer if the recent cold weather is a reason to consider buying UA, and Cramer responded VFC is less risky.

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