Jim Cramer: "Welcome to Rate Cut!" 10/31/2007

J

jreynolds212

Market players should be buying things even though they are overvalued, Cramer advised. Although this may seem irresponsible, traditional market thinking is not going to get people anywhere right now.

Stop trying to be smarter than the market and over thinking it, he said. Instead recognize that oil, tech, fertilizer, alternative energy are all bull markets.

"Go buy some Google (GOOG - Cramer's Take - Stockpickr - Rating) and Baidu (BIDU - Cramer's Take - Stockpickr - Rating)," Cramer said. "Welcome to rate cut."
 

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Hence why you should be fading all of his picks. This guy is an idiot. Did you see tonight's show? The only reason i watched it is because the old lady is out with the girlfriends and I have baby duty. He was spewing so much crap i don;t know where to begin. Bottom line is Jim Cramer is a complete toolshed.
 
Market players should be buying things even though they are overvalued, Cramer advised. Although this may seem irresponsible, traditional market thinking is not going to get people anywhere right now.
 

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"I would try to get into Marvell at a decent price before it reports on the 26th," he said. "Below 18 is a decent price." The stock closed Monday at $17.91.
 

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Financier Carl Icahn, who recently made a great call by getting into Lear (LEA - Cramer's Take - Stockpickr - Rating), previously and "perfectly" made money with Time Warner (TWX - Cramer's Take - Stockpickr - Rating), Cramer said.

"When you catch a guy like Icahn who has been on a winning streak, people must piggyback off of him," he said.

Right now Icahn is buying WCI Communities (WCI - Cramer's Take - Stockpickr - Rating).
 

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Don't forget BRCD....

...on or about the 1st of Nov. he went apeshit over Brocade.

Do I even need to put up the chart.

B
 
Here's Cramer's game plan for next week. He recommends buying Apple (AAPL - Cramer's Take - Stockpickr - Rating) ahead of the MacWorld Expo, which starts Monday in San Francisco. To be sure, Apple shares have been clobbered in recent days, and there likely won't be any product announcements as sexy as the iPhone was last year, he says.

However, with these low expectations and Steve Jobs being a great speaker, Apple stock should do well, he says.
 

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Brocade Communications (BRCD - Cramer's Take - Stockpickr - Rating): "Yes! Right here! Right here! Brocade! The Cisco (CSCO - Cramer's Take - Stockpickr - Rating) thing is not a problem. ... Brocade's business is strong."
 

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Quote from jreynolds212:

Brocade Communications (BRCD - Cramer's Take - Stockpickr - Rating): "Yes! Right here! Right here! Brocade! The Cisco (CSCO - Cramer's Take - Stockpickr - Rating) thing is not a problem. ... Brocade's business is strong."
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Damn - you're good !!

:D
 
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