Jim Cramer's 'Stop Trading!': Gordon Brown


NEW YORK (TheStreet) -- Shortly before Jim Cramer's Tuesday Stop Trading! segment on CNBC, British Prime Minister Gordon Brown announced outside 10 Downing Street that he was tendering his resignation to the Queen and recommended that conservative leader David Cameron take over the prime minister-ship.

This change isn't, however, a game-changer for Cramer -- at least not for now.

Cramer, during Stop Trading!, said he still wants to steer clear of buying anything in Europe or the UK in case shorts want to take those stocks down; Cramer said he doesn't want to invest in places where there's political indecision.

Still, Cramer said he's beginning to see some good growth opportunities in U.S. stocks, as the "disaster scenario" of Europe starts to come off the table -- with the IMF looking like it's going to make some "real changes" in the debt-burdened European countries -- and as China appears able to control its inflation issues.

On the topic on inflation, Cramer said "I don't want deflation" either, as he declared deflation to be the enemy of profits.

-- Reported by Andrea Tse in New York

RELATED STORIES:




Follow TheStreet.com on Twitter and become a fan on Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More from Stocks

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

This Should Be Your Retirement Savings Plan When the Stock Market Crashes