Jim Cramer's Best Blogs

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:

• a bullish case for the dollar,
• the FHA and
• the big picture for financials and energy.

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The Buck's Bull Case

Originally published on Monday, July 22, at 2:27 p.m.

One hundred billion in euros for dollars, please! That's the InBev-Roche bill coming due for their acquisitions of American companies.

Right now, nobody seems to care that we are seeing some real demand for dollars from these companies. It is almost as if they don't matter. Plus, we sure ship enough dollars overseas because of oil that you can believe it doesn't matter much.

But I keep wondering how many more deals are out there, how many more deals will take advantage of the big declines. I wonder if the dollar won't strengthen simply because we may be sending fewer overseas because the price of oil is plummeting so hard and going lower.

To date, we have seen no industrial takeovers, which is the real shocker, especially when you get numbers like we got from Caterpillar (CAT Quote) today. We have so many industrial companies that are simply shrinking daily because of buybacks and a weak dollar that it is amazing to me that we haven't seen these. I wonder if Dow Chemical (DOW Quote) and Cleveland-Cliffs (CLF Quote) didn't do defensive acquisitions in the last few weeks in order to ward off attacks by European companies that are hungry for U.S. properties. Those would have been natural to pick up. I also can't believe that Hercules (HPC Quote) and Rohm & Hass (ROH Quote) hadn't been bought already.