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Cramer on BloggingStocks: Sometimes, you just have to relent

 May 15, 2008 09:22 AM UTC
Return Risk
+2.29% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
CNET Positive 05/15/08 n/a --
ABK Positive 05/15/08 -70.85% 07/03/08
CBS Positive 05/15/08 -15.08% 06/16/08
MBI Positive 05/15/08 -57.11% 07/03/08
FNM Positive 05/15/08 -29.63% 06/27/08
FRE Positive 05/15/08 -39.97% 07/03/08
WM Positive 05/15/08 -38.23% 06/20/08

Graphic_arrow1 Via BloggingStocks:  

Filed under: Market matters, CBS Corp 'B' (CBS), Federal Natl Mtge (FNM), Washington Mutual (WM), Stocks to Buy, Cramer on BloggingStocks, MBIA Inc (MBI)

TheStreet.com's Jim Cramer says the value guys threw this party, so respect the hosts.

Sometimes you just feel beaten into being positive. You just say, "OK, enough, I will accept the positives as they are being put out, not as I believe they are."

That's how I felt yesterday about Freddie Mac (NYSE: FRE) (Cramer's Take). The company put out financials yesterday that looked better than expected, and for once I didn't question whether they were.

I didn't because the earnings from so many of the feckless players -- the Fannies (NYSE: FNM) (Cramer's Take), the Washington Mutuals (NYSE: WM) (Cramer's Take) the MBIAs (NYSE: MBI) (Cramer's Take) and the Ambacs (NYSE: ABK) (Cramer's Take) -- are all being greeted with a bizarre positive response, so bizarre that I bought into the "better than expected" rhetoric because I don't want to fight the value guys who are in control right now.

Elsewhere on the site, Doug Kass has been putting up some very strong arguments that numbers from the likes of Freddie are less than meets the eye.

Continue reading Cramer on BloggingStocks: Sometimes, you just have to relent

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