Recap of Jim Cramer’s comments on Stop Trading! Monday March 3. Click on a stock ticker for more analysis:
Petrobras (PBR) and Google (GOOG): Not much in the U.S seems to be working, even Cramer’s former darling, Google; “It's a fact of life. ... Google's not doing as well as it was," and he suggested looking at gold stocks instead. While the dollar is “pathetic,” South American markets are heating up and Cramer likes Brazil, especially oil producer PBR. In response to Buffett’s advice to wait this market out, Cramer said, “There's a tendency of very rich people to say you don't have to do anything."
Thornburg Mortgage (TMA): Cramer repeated his praise for Larry Goldstone, CEO of troubled TMA; “His foreclosure record is so admirable ... that if you wanted to give someone money to invest in mortgages, he's the number one guy." Cramer said thanks to the Fed the banks missed an opportunity to refinance and to rescue themselves when the two-year note was at 4% and the Fed funds rate was at 2%.
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