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 Quote) and Baidu (BIDU Quote)," Cramer said. "Welcome to rate cut."Raven Maven
Baltimore Ravens defensive tackle Justin Bannan joined Cramer on his show, where the NFL star asked Cramer what he should be looking out for and concerned about when investing in the market. Given the amount of time he devotes to playing football, Cramer said he couldn't imagine Bannan would have a lot of time to spend on stocks. Instead, he suggested the player consider putting 10% of his money in a gold fund or gold itself, 20% of his money in international plays and 30% in mutual funds. When Cramer asked Bannan why he had such a large position in bonds, Bannan replied the bonds have made him some good money so far. Cramer said that someone at Bannan's age, with 20 years ahead of him, should consider moving more money into the equity market or overseas market. "Maybe pick one or two stocks, businesses that you like" and follow up on them, he advised. Bannan agreed that it wouldn't be a bad idea to invest in one or two.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |














