Stop Trading! Merrill In Peril?
Published: Wednesday, 24 Oct 2007 | 3:41 PM ET
Merrill Lynch’s massive write-downs show that the financial stocks are still a “nightmare to own” and investors should just steer clear for now, Cramer said on Wednesday’s Stop Trading!
Cramer recommended Northrop Grumman for being the cheapest of the defense names and said that Cisco is a better play than Juniper Networks . “I don’t drink Juniper juice,” Cramer said.
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Merrill Lynch's massive write-downs are more evidence that investors should just stay away from the financials, Cramer said.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.