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Feb.28
3:28 PM ET
Thursday, 28 Feb 2008
Stop Trading!: Mortgage Rates Going Higher
Posted By:Tom Brennan

Mortgage rates are going higher, Thornburg Mortgage CEO Larry Goldstone confirmed during a Thursday interview on “Street Signs.” The statement’s a sharp contrast to Treasury Secretary Henry Paulson’s claims that the market will take care of itself, Cramer said.

This is “exactly the opposite of what they need in Washington,” he said.

Cramer credited Goldstone’s market predictions for being “dead right every time” the Thornburg [TMA  Loading...      ()   ] CEO’s been on the show.

Switching to the cell-phone industry, Cramer declared that Spring Nextel [S  Loading...      ()   ] was “literally blowing up.” Apple’s [AAPL  Loading...      ()   ] iPhone was taking “a huge amount of business” from the troubled telco, he said.

Both Fluor [FLR  Loading...      ()   ] and Citrix Systems [CTXS  Loading...      ()   ] are aggressively hiring in the U.S. Erin Burnett said the jobs market is one thing helping to prop up the American economy.

Lastly, Cramer agreed with bond guru Bill Gross, who said that now is the best time in decades to buy municipal bonds.

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