Sneak Preview: The Last Bull Market

12/21/07 - 12:41 PM EST

Jim Cramer

Editor's note: This is a special sneak preview of Jim Cramer's just-released book, Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer). Look for more sneak previews every day, and get your free copy with your annual subscription to Action Alerts PLUS; click here for details. Catch Cramer in person at his last book signing event: Saturday, Jan. 12, at 1 p.m. in Westbury, Long Island's Costco.

Missed the first sneak previews? Read the book intro and the rules of getting and staying rich: Rule 1, Rule 2, Rule 3, Rule 4 and Rule 5. Know what pros do right and amateurs do wrong: Part 1, Part 2, Part 3, Part 4 and Part 5. Learn the five mini-bull markets that will stampede for years, starting with aerospace and defense, agriculture, oil and oil service and minerals and mining.

Infrastructure

Most of the mini-bull markets I have described specialize in one aspect of business -- producing weapons or energy or fuel. This last bull market is more complex. Once again, because of starvation of orders for multiple years, it doesn't have enough players to satisfy investors so they can keep rallying as new dollars come in.

Infrastructure is and will be an era of gigantic projects to tackle major needs: (1) the need to refine oil and gas; (2) the desire to replace oil and gas with other complex fuels that have to be harvested, cleaned, and refined; (3) the need to repair and replace our aging highways before they become too worn out or too dangerous; and (4) the need for more power as poor consumers in foreign countries become wealthier. Remember, the first thing that a poor person in a newly industrialized nation does with his or her paycheck is buy an appliance that needs power, so you have to build plants to service them. Power plants worldwide are in short supply.

Inside Cramer's New Book:
'Stay Mad for Life'

A small group of companies excels at just these kinds of projects and tasks. You want to build new roads and bridges or fix them up? Call AECOM(ACM Quote) or Chicago Bridge & Iron(CBI Quote).

< Previous
1 2
Your Recent Quotes: Quote Up0 | Quote Down0
 
Dow S&P 500 NASDAQ
Oil*
60.70
8,294.95
896.44
1,784.87
10 Yr
3.34%
148.43
17.31
28.84
+1.82%
+1.97%
+1.64%
Data delayed 20 min
Get Jim Cramer's Free Newsletter

The Daily Booyah!
Get your daily dose of Cramer in your inbox.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer's latest picks now!

Brokerage Partners