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Jim Cramer's Stop Trading! Nickel's So Sweet

Cramer says buy Lundin and Rio.

Buy nickel miners





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, Jim Cramer said Wednesday on


"Stop Trading!" segment.

Cramer said a recent rise in the crucial Baltic Dry Index shows that there's "no global economic slowdown." By contrast, Cramer said, "the world is growing too fast" for the


comfort when it comes to inflation.

Cramer said growth overseas -- particularly in China -- will power shares of nickel producers like Lundin and Rio higher in coming weeks and months.

Cramer said investors should steer clear of tech, which he called "a bad area like housing." He said

Washington Mutual

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is worrisome because of sloppy lending practices but better off than its mortgage-heavy rivals because of its big deposit base.

At the time of publication, Cramer had no positions.

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

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