Skip to main content

Jim Cramer's 'Stop Trading!': Avoid AIG

Cramer says he sees opportunities in the market, but AIG is not one of them.

"We are so on the hook to AIG (AIG) - Get Free Report," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. "That will prove to be an unbelievable black hole that will last forever. I don't know what was worse -- taking them over, or letting Lehman fail."

As for buying AIG shares, Cramer was confident. "In no uncertain terms, that will never pay off," he said. He said he was seeing opportunities in the market as we pull back, but "AIG is not one of them."

Moving on to natural gas stocks such as

Ultra Petroleum


, he said: "Does anyone notice that natural gas this week is at the same price as it was last year at this time, and yet the stocks are cut in half or in thirds?"

Up next was

State Street

(STT) - Get Free Report

, which reported a technically better-than-expected quarter today. "Was it really better than expected?" Cramer asked. "I think that they're protected, because hey were going to be the next one that the shorts operated on."

Instead, the shorts are having an effect in the retail sector with stocks such as


(M) - Get Free Report

. "When does that thing stop? Everyone's telling me that that's the next one," Cramer said. "The shorts have their way in retail now."

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

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from