The Best of the Deal - Cramer's Stop Trading (7/29/08)

Recap of Jim Cramer's comments on Stop Trading! Tuesday July 29.

 

Merrill Lynch (MER) – The Merrill Lynch deal will help the market get a sense of financials. No one is looking at the Lonestar side though. Lonestar may have gotten the best of this deal.

Wachovia Bank (WB) --“I can only imagine what Bob Steel can do with Wachovia,” Carmer said looking at the Merrill Lynch deal.

Citibank (C) -- “I am so close to saying I like Citibank it scares me,” Cramer remarked.

 

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Comments

[mixter:]

Screw banks! They are run by a bunch of idiots with the exception of regional banks such as Arvest, Bank of Oklahoma, Stillwater Bank. Bank of America is the most custome unfriendly company I have ever delt with. J. P. Morgan Chase is a close second.

2008 Jul 30 09:50 AM

[Blue collar...:]

I don't know about the others, but Chase is as you say .....BAD!

Washington Mutual is just as BAD in my opinion.

2008 Jul 30 12:42 PM

[Leser:]

Point well taken on being treated well as a customer, mixter and Blue collar guy. As customers we should go to the smaller banks for personal treatment. The smaller the better, possibly. My little bank has only branches in a two or three state area (maybe thirty) and it is privately held, but the personnel are courteous and the rates have been very very good. Also, instead of selling my house loan to some other company, who might have sold it on to someone else, they maintained it in their system. We should pull up stakes at any business wherever the treatment is impersonal or unprofessional and go to another establishment. Trial and error may be the best method until we find the right fit. Then I believe in staying tight with that company.
It's probably like that with your doctor and clinic, too. Too often we stay where we always went when we should be looking for cordiality and professionalism bundled together. Combining them doesn't take away from either of them.

2008 Jul 30 02:03 PM

[Fabien Hug:]

MER lend 5 billions to the buyer for it to buy 6.5 billions of debt.

2008 Jul 30 06:59 PM