Cramer's 'Stop Trading!': How to Play China
"I truly believe that China can be an engine," said Jim Cramer on CNBC's "Stop Trading!" segment on Monday. "China is taking this whole problem worldwide very seriously, and they have the capital to do something about it."
China's stimulus package is "real," he said, which is why he likes China Mobile(CHL Quote) and why "it's very easy to get behind PetroChina(PTR Quote)." "China's terrific," he said. As for Treasury Secretary Geithner, his "recklessness is shocking," Cramer said. Rather than "come out and give us a plan," Geithner merely communicates with reporters, Cramer said. "What we get is pure chaos, and the chaos is reflected in the averages."- Loading Comments...
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