Mad Money’s Jim Cramer Says to Buy Homes
Posted on January 31st, 2008 by Jonathan Dalton
… which means I don’t have the slightest idea what to think.
He also really liked builder stocks last spring. Oh and told everyone to walk away from their homes last fall, which some people actually are doing.
I’m sure none of this has to do with keeping ratings high, right?
Here’s the video … and thanks to the wonderful Kris Berg for the original post.
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Wonderful?
You’re welcome, you sweet-talker.
Though higher rating is possible, it’s pretty unlikely. Cramer’s track record over time speaks for itself. Starting as a college student as a trader (hedge fund?) and ultimately ending up with several hundred million is good enough for me. Falsely sending a signal for his millions of TV & newsletter subscribers doesn’t make any sense. He’s very aware of the effect his words have.
Still, he could be dead wrong. His arguments though are well grounded.