Updated from 10:30 a.m. EDT
Jim Cramer made a big call this week. He told fans of his "Mad Money" TV show that the housing market is set to bottom in the third quarter of 2009. That call has created quite a bit of controversy, but Cramer isn't changing his mind. He explained that the charts of some major homebuilders are forecasting the end of the housing depression.
Cramer might not be an everyday chartist, but he knows that technical analysis at times can be useful. He has no problem using any market tool that could give him an edge when guiding viewers toward solid investment ideas. That's simply what dedicated Wall Street professionals do.
Recently, Cramer warned investors to avoid hurricane stock plays, such as
Apache
(APA) - Get Report
, and a group of financial stocks, including
Corus
(CORS)
. Here are some Cramer highlights from over the past week as aggregated from his
RealMoney
blog posts (these blog post links require a
RealMoney
subscription).
To read more and find out what Cramer's been recommending, please click here.
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Qualcomm for his Action Alerts PLUS charitable trust.)
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
Financial Times
and the author of
Trade Like a Hedge Fund
,
Trade Like Warren Buffett
and
SuperCa$h
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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