Wednesday, January 23, 2008

Cramer Yesterday




His Women's Show last night was cunning. Very good audience and interacting.

What a day yesterday, eh? Procter down to 63 at one point. What happens: when bank stocks are weak money goes into Procter. When bank stocks are strong money goes out of Procter. This is the carry trade now for a few weeks. (My opinion; implied by Cramer).

We must give the Bush Administration "catch-up" credit. A crash was averted yesterday.

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