Bernanke, Paulson and Herbert Hoover - Cramer's Stop Trading! (6/24/08)

Recap of Jim Cramer’s comments on Stop Trading! Tuesday June 24.

Salesforce.com (CRM): One of the few “old tech” Cramer likes is Salesforce.com, which reports on Wednesday. The stock is not cheap, but is leading in the software business and is a good buy for value investors.

Banks are Toxic: Cramer still would stay away from financials, especially if Ben Bernanke is finished cutting rates. He criticized Treasury Secretary Henry Paulson for saying fundamentals are strong. He said Bernanke and Paulson should either change their rhetoric or be quiet; “Keep quiet. Just don't say the fundamentals are sound, because that's the Hoover rap... That's Hoover.”

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Comments

[Hue101:]

Guess my comment must read like this.. Jim... It sure is a great feeling to catch your show as well as your very valueable information.

Especially after doinga tour of duty with the Feds protecting their purse strings.

Great Show!

Semper Fi...

2008 Jun 25 01:18 PM