Cramer: Fannie, Freddie Takeover Changes the Game

Considering that "the world' is not set up for this change, you can bet that those who are short or in cash have to say that all of this is much ado about nothing or that it won't matter a hill of beans. In fact, you will hear many things in the next 72 hours that contradict this bullish view.

That will be wrong. Do you hear me? Wrong.

I am tired of being laughed at for my July 15th call that the financials bottomed and my call for housing to bottom next year. I am weary of the catcalls and the attacks.

And, oh yeah, I am going to be right as of this weekend.

Maybe I just got lucky with this bailout, but it is better to be lucky than good.

As for the common stocks of Fannie and Freddie, owners, it serves your right. There has been another guy on this site, Doug Kass, who has told you again and again that their common stock is worthless.

If you owned that, you simply never read the guy, who paid for your subscription 10 times over. Congrats to my friend Doug for a job well done. (Want more insight on the stock market? Follow the link to subscribe to RealMoney Silver.)

1 What would best describe your stance heading into the coming week of trading? Bullish Bearish Neutral 2 Which of these sectors do you think is set to move up in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities 3 Which of these sectors do you think is set to move down in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities View the results without voting