On today’s “Stop Trading!” segment, Cramer heartily disagreed with Alan Greenspan’s commentsthat he sees a “dramatic contraction” coming in Chinese stocks.
China is a juggernaut, Cramer says, and he doesn’t expect anything nearly as remarkable as what Greenspan’s comments indicate. To Cramer, a dramatic contraction signifies a market that gets cut in half. It’s more likely the Shanghai Composite has a “serious sell off” of 5-8%, he says, but “great bull markets have great sell offs.”
Cramer likes Six Flags , which he thinks could go to $9 on good weather for its amusement parks, as well as Crocs , which he thinks will continue to run.