Cramer's 'Stop Trading!': Pimco's Ultimatum - TheStreet

Cramer's 'Stop Trading!': Pimco's Ultimatum

Recent comments from the firm's CIO might actually be what it takes for the Treasury to act, says Cramer.
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"This is a buyer who knows more about the market than anyone," Jim Cramer said on Thursday's "Stop Trading!" segment on CNBC, referring to Bill Gross, Pimco's chief investment officer.

Cramer was responding to the CIO's earlier statement that even if

Fannie Mae

(FNM)

,

Freddie Mac

(FRE)

,

Citigroup

(C) - Get Report

or

Merrill Lynch

(MER)

comes up with a new offering, he still won't be a buyer -- not until the Treasury takes action.

"This is not Cramer saying, 'They know nothing!' on TV," Cramer said, referring to his "Stop Trading!" outburst last year. "I am a grain of sand, and this guy is the universe."

Cramer called Gross "the biggest buyer of bonds in the world" and said that he "could actually have that impact."

Nevertheless, Cramer said, "I don't know when

Treasury Secretary Henry Paulson's going to make his move."

At the time of publication, Cramer had no positions in stocks mentioned.

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