MAD MONEY: DOOMSDAY MARKET PREDICTIONS
Posted: July 31st, 2007 | Author: Stock Pitcher | Filed under: Mad Money | No Comments »On his show, Jim Cramer suggested that in a worst case scenario that the builders, financials, and brokers were all to be sold if anything terrible occurs. His suggested sells in housing included DR Horton (DHI), Pulte Homes (PHM), and Toll Brothers (TOL) were all sells.
Cramer however, says all these problems can be avoid if the Federal Reverse cuts rates by one whole percent! Will that happen? How powerful is Mr. Cramer? He moves stocks but can he move the federal reserve? Of the two stocks that he owns that would benefit is Citigroup (C) and Goldman Sacks (GS).
However Cramer doesn’t believe that the doomsday scenario will ever happen and favors these sectors: oil and oil services, agriculture, machinery, aerospace, infrastructure and minerals.
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