Stop Trading!
By: Tom Brennan
Web Editor, "Mad Money"
Cramer recommends buying Lehman Brothers now that it is shutting down its subprime mortgage unit BNC Mortgage, he said on Stop Trading! today.
"You have to understand that when a company like Lehman takes this action it's bullish," he said. "[BNC] wasn't making them any money. They take the charge and they move on."
Shareholders of banks like Bank of America , Wells Fargo and Washington Mutual , which haven't been making money in the mortgage market, should clean up now that so many other lenders are closing down, Cramer said.
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As more and more mortgage lenders close down, big banks should clean up.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
