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RealMoney Radio: Google's Right Hook

TheStreet.com Staff

Although Google (GOOG Quote) is down today, there is no need for market players to worry because Google is "taking over the world," Jim Cramer said on his "RealMoney" radio show Tuesday.

Kids are hooked on YouTube, which is owned by Google, and as people don't have the time to watch entire "seasons" anymore, YouTube provides the perfect answer for "spontaneous fun" with its two-minute videos that make people laugh, Cramer said.

Moreover and above all, Google saw this and did not care about "cratering" its stock if it made a bold acquisition, he said. Google also did not fear that it was buying "unmonetizable assets," such as Broadcast.com or Skype, with YouTube.

And Google did not care about "bogus copyright issues," which should be worked out, Cramer continued.

Meanwhile, old media still doesn't seem to get the picture, he said. If Tribune (TRB Quote) had sold the Chicago Cubs and not bought back stock, maybe it would have been able to buy YouTube. But it was Google that snatched it up.

Down 20 points from its high, it's about time to buy Google, Cramer said. In fact down $1, he said he'd buy some.

Moving on, Apple (AAPL Quote) and Cisco (CSCO Quote) have become "anointed" stocks, Cramer said.

People came to these two stocks today -- a down day in the market -- and that's a good sign, he explained, predicting that Apple would hit $100 and that Cisco should go to $30.

Apple was recently trading at $91.19; Cisco was recently at $26.93.

The worst is likely over in the real estate sector, Cramer went on to say. "The crisis may be reaching its course ... maybe six months from now."

Using a personal example, Cramer said that he and his wife have a "substantial partnership in real estate" that they have moved almost entirely to Mexico as it became more and more difficult to continue making a profit by investing primarily in New Jersey and Pennsylvania.

"We were continually outbid by Toll (TOL Quote) and Pulte (PHM Quote)," Cramer explained. "We even sold our shore properties, which were insanely overvalued."

However, on Monday, after being shown a property that normally would have traded at $1 million two years ago, and purchasing it for $450,000, Cramer believes that it's time to start buying again.

It is the first property Cramer said he's bought inthe U.S. since 2004.

"There are genuine bargains out there," he said. "Maybe this is how bottoms are formed."

Cramer said if they had missed this bargain and hadn't purchased the property, they would have kicked themselves. He added that this is the first time they've felt this way in years.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.