This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer's 'Mad Money' Recap: Italy Outduels Buffett (Final)

Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on

NEW YORK ( TheStreet) -- "Today's market was a heavyweight fight between Italy and Warren Buffett," Jim Cramer told his "Mad Money" TV show Monday. But the famed "Oracle of Omaha," he noted, can't save us forever.

Cramer explained that Italy once again drove down the early market trading today, with reports that an auction today of five-year bonds saw the embattled country's interest rates climb a full 1% from just a month ago. He said that with Italy will need to borrow $260 billion over the next year to stay afloat, the stunning rise in financing costs will clearly weighed on the markets.

But then Warren Buffett appeared on CNBC to talk about his 5% stake in IBM (IBM), a stock which Cramer owns for his charitable trust, Action Alerts PLUS . Cramer said that Buffett's endorsement of IBM was meaningful, as the company is delivering on its five-year growth plan and the stock has rallied some 28% so far this year.

Cramer said that Buffett didn't stop there. Buffett also endorsed other companies like Macy's (M) and Coca-Cola (KO), another Action Alerts PLUS name. Buffett was essentially bullish on the entire U.S. market, saying that he's not selling anything in order to make his recent purchases.

But for as bullish as Buffett was today, Cramer said that unfortunately, he won't be on the airwaves calming the markets again tomorrow. Italy, on the other hand, will be. "Italy will get the last word," said Cramer, "and there will be no rematch."
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FDX $165.11 0.00%
ETN $63.27 0.00%
JNPR $23.40 0.00%
NAT $15.41 0.00%
MX $5.16 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs