You Ask, Cramer Answers

On Stockpickr Answers Wednesday and yesterday, Jim Cramer responded to a new batch of questions posed by members of the Stockpickr community.

Anybody can ask, respond or comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section.

Here are a few of the questions to which Cramer recently responded:

• What happens on Wall Street tomorrow? Cramer thinks stocks are currently overbought ... what do you guys think tomorrow will bring?
• Assuming you had a well-diversified portfolio and were interested in taking a substantial position (10%) in one speculative and one non-speculative stock for a two- to six-month time frame, which two stocks would you choose?
• How does the Street justify the unbelievably low valuation for Google (GOOG Quote - Cramer on GOOG - Stock Picks)?
• According to a recent Motley Fool article, Gap(GPS Quote - Cramer on GPS - Stock Picks) has projected growth of 11% and its price-to-earnings (P/E) ratio is 20. Its competitors have lower P/Es and higher growth rates.
  Wouldn't Gap be expensive at this point?
• I'm looking at buying some LEAPS in either Goldman Sachs(GS Quote - Cramer on GS - Stock Picks) or Bear Stearns(BSC Quote - Cramer on BSC - Stock Picks). I know that they are having problems, but I think that all the bad news is already in the stock price. What do you think?
• Is this a good time to tap into the ROW (Rest of World) stocks? I'm trying to choose between iShares FTSE/Xinhua China 25 Index(FXI Quote - Cramer on FXI - Stock Picks) and iShares MSCI Brazil Index(EWZ Quote - Cramer on EWZ - Stock Picks). Would you wait, seeing as they seemed to have topped for the short term?
• Are you bullish on ConocoPhillips (COP Quote - Cramer on COP - Stock Picks)?
• Other than a hedge against inflation and volatility, are there any other reasons to get into metal and mining stocks?

For an archive of Jim Cramer's Stockpickr answers, go to www.stockpickr.com/answers/ and type "Jim Cramer" under "search for questions." Select "Username - Answered" from the dropdown menu at right, and click "search." The most recent questions will appear first.

(Editor's note: Cramer owns ConocoPhillips, Goldman Sachs and Transocean for his Action Alerts PLUS charitable trust.)