Recap of Jim Cramer’s comments on Stop Trading! Wednesday May 21.
Freeport-McMoran (FCX): Cramer is not blaming the Fed for the 187 point drop in the Dow. Instead he thinks oil needs to take a day off; “If oil were to go up 50 cents a day rather than $5 a day, this wouldn't be happening." The bullish story is global, and Cramer would still own FCX because of surging copper demand in China.
Thornburg Mortgage (TMA): Of Thornburg, Cramer said, “Stocks don't get under a dollar because you want them there. I would be careful."
Dow Chemical (DOW): Cramer praised Dow for a proposal to move most of its business overseas.
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