Is Cramer Too Negative?
“So am I too negative?” Cramer asked viewers of his Monday “Mad Money” TV show. “I don’t think so. Admittedly, stocks have fallen to levels that are amazingly low, but there’s no money out there for takeovers to clean up this mess so the fact that so many stocks have fallen so hard doesn’t matter.” He said the bailouts have kept the economy from completely collapsing, but they still haven’t addressed the real problem of home price deflation. Cramer mentioned the bailouts also haven’t created a single job. He said the failure of General Motors (GM) could break the market like Lehman’s (LEH) failure did. Cramer pointed out that the homebuilders are still building new homes as fast as they can and none of them have gone out of business. Cramer said the only things that would change his mind on the markets are interest rate cuts in China and Europe, or a resolution to the GM crisis. Until then, Cramer said, “there are just too many negatives out there.” Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!



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