I think Jim Cramer lost it, and I don’t quite understand what Jim Cramer is recommending.
In his “Stop Trading” segment on Street Signs today, Cramer said the nation’s central bank is “asleep” and should immediately “relieve the pressure” on financial firms and the nation’s home owners who are facing big increases in their mortgage payments as ‘teaser’ rates expire. Many thousands will “lose their homes,” he warned. “This is not the time to be complacent.”
He predicted a big rebound for the major stock market averages if the Fed does indeed lower rates
19 comments Saturday, Aug. 4, 2007
by Christian
