NEW YORK (
) - At the CEO Summit executives are saying that the economy will be flat in 2010 compared with 2009 and that China isn't in a bubble.
But Jim Cramer said during his
segment on CNBC that these CEOs are being too cautious. "We will see more stimulus from the United States. There will be steel demand with inventories down and a drilling wave."
Cramer is placing his faith in Ben Bernanke and that there will be more job stimulus. "The Republican Party will make a resurgence....and make Washington more relevant."
is plunging more than 7% this afternoon to a four-month low after its $20 billion stock offering was a disappointment.
Cramer said "you must be in on this deal. Citigroup is the only $3 call I would make."
"The government decided they would play the market and passed up a multi-billion opportunity for tax payers," he said.
Cramer said now
must raise capital. "Both could be interesting after the deals are done," he said. "
said they would never do a deal, and last I looked they did one."
Reported by Jeanine Poggi in New York.
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