Jim Cramer
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Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:- the financial shakeout,
- pigheadedness and the U.S. energy policy, and
- Apple.
This Financial Shakeout Was Bound to Happen
Originally published on Wednesday, May 21, at 2:18 p.m. Oh, doctor, is this market getting ugly. That whole big gain in retail is vanishing. The aerospace move is being repealed badly. Boeing's (BA Quote - Cramer on BA - Stock Picks) giving up so much gain, no doubt because of what is perceived to be the end of the American airline business -- people in "Beat the Street" sure think so, and are winning with the strategy. I see pure defense aerospace stocks going down, too: General Dynamics (GD Quote - Cramer on GD - Stock Picks) and Raytheon (RTN Quote - Cramer on RTN - Stock Picks) attract me, the latter an Action Alerts PLUS name that's too cheap. Some of this decline is a recognition that once again the financials are being cracked. No more Fed cuts? More bad loans? All of it. Plus new negatives on the brokers -- failed hedges. Lehman Brothers (LEH Quote - Cramer on LEH - Stock Picks)!? Ouch.
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