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Jim Cramer Return Risk +2.19% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed KSS n/a JCP n/a NUE n/a Via BloggingStocks:   Filed under: Employees, Market matters, Penney (J.C.) (JCP), Kohl's Corp (KSS), Nucor Corp (NUE), Economic data, Cramer on BloggingStocks From TheStreet.com Network The Five Dumbest Things on Wall Street: Oct. 9 A Rest Amid a Historic Rally TheStreet.com's Jim Cramer says the relentless ascent can only point to a belief that Congress will put jobs on the front burner. Washington's listening. I think that Washington has had its fill of health care talk and is anxious to focus on jobs. President Obama wants to dither now with carbon capture, content that the stimulus plan, however bogus it was, is doing the job. But Congress senses that they are 13 months from a debacle and they are going to bring employment to the front burner. That's what I think the market is saying. When I spoke to Dan DiMicco last night, the CEO from Nucor (NUE) (Cramer's Take), he showed devastating evidence of the real unemployment, now at about 18%, and the lack of job creation coming out of this recession compared to the last four recessions. Continue reading Cramer on BloggingStocks: The market sees the light on employment Cramer on BloggingStocks: The market sees the light on employment originally appeared on BloggingStocks on Fri, 09 Oct 2009 09:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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