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Cramer on BloggingStocks: Pools of capital keep retelling the credit story

 Apr 24, 2008 09:45 AM UTC
Return Risk
+1.30% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
ABK Positive 04/24/08 +5.85% 05/15/08
SLB Positive 04/24/08 +1.70% 05/19/08
BA Positive 04/24/08 +3.72% 05/19/08
MBI Positive 04/24/08 +4.82% 05/15/08
LMT Positive 04/24/08 -32.01% --
HON Positive 04/24/08 +2.99% 05/05/08
FNM Positive 04/24/08 +11.53% 05/05/08
MER Positive 04/24/08 -18.10% 06/20/08
LEH Positive 04/24/08 -36.89% 06/17/08
C Positive 04/24/08 +0.36% 05/08/08
FRE Positive 04/24/08 +9.72% 05/05/08
PMI Positive 04/24/08 -68.62% 07/03/08
MTG Positive 04/24/08 -44.50% 07/03/08

Graphic_arrow1 Via BloggingStocks:  

Filed under: Market matters, Schlumberger Limited (SLB), Citigroup Inc. (C), Boeing Co (BA), Merrill Lynch (MER), Federal Natl Mtge (FNM), Lockheed Martin (LMT), Honeywell Intl (HON), Lehman Br Holdings (LEH), Stocks to Buy, Housing, Cramer on BloggingStocks, MBIA Inc (MBI)

TheStreet.com's Jim Cramer says we know how it'll play out. Besides, there's money to be made elsewhere.

Nobody's dissing the credit crisis. We all see it. We know when it is back. We know that the write-offs for the banks and brokers and Fannie (NYSE: FNM) (Cramer's Take) and Freddie (NYSE: FRE) (Cramer's Take) will be gigantic if and when the Gang of Four (Ambac (NYSE: ABK) (Cramer's Take), MGIC (NYSE: MTG) (Cramer's Take), MBIA (NYSE: MBI) (Cramer's Take), PMI (NYSE: PMI) (Cramer's Take)) finally chokes to death. But we also know that Boeing (NYSE: BA) (Cramer's Take) and Honeywell (NYSE: HON) (Cramer's Take) and Schlumberger (NYSE: SLB) (Cramer's Take) and Lockheed (NYSE: LMT) (Cramer's Take) and all of the other stocks that are on the move, not to mention anything oil and gas, just aren't that levered to the crisis. I know that is heresy for many of you. How could the crisis not bring everything to its knees?

Because these companies are basically foreign companies. They are just not that important to the credit crumble.

Continue reading Cramer on BloggingStocks: Pools of capital keep retelling the credit story

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