Jim Cramer is tired of money managers and TV personalities who continue to tell people to buy stocks for a 2009 recovery. He thinks the general public is smarter than the so-called Wall Street experts. He says the average investor has felt enough pain and is justified in leaving the markets in favor of safer plays like government bonds.
Cramer believes investors will be better served by adopting a wait and see approach. He doesn't think anything in the market looks so compelling that investors should jump in with both feet. However, all that could change if the housing market bottoms. Cramer has mentioned that a housing bottom will lead to a recovery for the rest of the economy.
He believes a housing bottom could happen if the federal government grants the economy these four wishes: It must not give any TARP money to the homebuilders, President-elect Barack Obama must provide a tax credit to new home buyers, some homebuilders must go bankrupt or merge and the
needs to keep lowering interest rates until mortgage loan rates reach 4.5%.
Bottom line: Pay close attention to the housing sector. It could be the key to the economy in 2009, and the best indicator for a stock market recovery.
Recently, Cramer found some opportunities in infrastructure stocks, retail stocks and technology stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts. (These blog post require a
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