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Jim Cramer's 'Stop Trading!': The Value's in Fixed Income

Cramer says that fixed-income markets offer 'once-in-a-lifetime' value.

"I like the fixed-income much more than the common," Jim Cramer said on CNBC's "Stop Trading!" segment on Friday. "That's where the values are. People try to figure out whether the value's in Exxon (XOM) - Get Free Report. The value's in those markets. Once in a lifetime."

This morning,


(SLB) - Get Free Report

reported earnings. "I think this is much ado about nothing. The stock has returned to levels we haven't seen in three years," Cramer said. "I simply don't believe that call was as negative as people are making it out to be." He called Schlumberger a "high-quality company."

He wasn't as positive on


(HAL) - Get Free Report

after the Schlumberger call, but he said that stock is also cheap. "People are talking about some potential consolidation in this industry, so I don't know why anybody would want to sell HAL here, but I didn't feel great about HAL here" after the


call, he said.

Finally, Cramer addressed hedge fund liquidations. "Who am I to say that

Steve Cohen

doesn't know what he's doing. If he's in cash, am I supposed to say, 'Well, I've got it all figured out'?" he said. "In the short-term, you've got to go with Steve Cohen. In the long-term, you go with Buffett."

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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

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