NEW YORK ( TheStreet) -- Jim, we are lining up for our second presidential debate. Obviously pretty much everybody realizes that Mitt Romney had a great showing the first time out. Obama did not.
So what do you think we're going to be looking for this time?
Well, it is a town hall so it's not as...
Formal. Jim Cramer:
Yeah, or as aggressive for Mitt. But Obama's got a good touch. I do believe that you should sell the coal stocks. They are up gigantically off the last win. We are having a, so far, a very mild fall, so nat-gas it's going to fall in price. I still like the nat-gas stocks but... Debra Borchardt:
Yeah, because nat-gas stocks had been...nat-gas prices were moving up. Jim Cramer:
There's not a lot of drilling, rig counts down 40 percent. It's almost entirely in nat-gas and I feel like if you take a look at the chart of Peabody you'd see that that looks like a Gallop Poll after the debate. Debra Borchardt:
So it seems like you're making energy calls based on the debate, on the Tuesday debate. Jim Cramer:
That's exactly what I'm doing. That is the fulcrum, not defense because defense is fiscal cliff. They can't really do much. But they can do EPA and EPA's the agency. You can take the people who are anti-coal out of it or you can give them more strength. There is a subtext to Obama's presidency that people think that he actually is comfortable with higher energy prices because that means there will more conservation. I don't know. To me it's out of whack with his support for the downtrodden. But, gee, the green movement's powerful. Debra Borchardt:
And we saw Ryan really attack Biden on green energy jobs. I expect we'll see more of that. Jim Cramer:
Yes, I think that resonates but I still think Obama could be the comeback kid here and you've got to get out of coal. Debra Borchardt:
Well, he never gives up. Jim Cramer:
No, he doesn't.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV