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It’s hard to have faith in this stock market these days. That’s why Cramer reiterated the importance of finding buying opportunities overseas (in countries like Brazil) or in commodities (specifically gold) on Monday’s Stop Trading!.
Cramer also opined on the mortgage market here in the U.S., saying Thornburg Mortgage [TMA
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] is actually “admirable” for keeping a relatively low foreclosure rate. The problem for Thornburg, and others, is simply that the banks don’t have the capital needed to lend them money for mortgages.
And on Google [GOOG
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], Cramer didn’t see any signs of light at the end of the tunnel for the search-engine giant. The business is slowing, he said, and the stock is no longer as good as it once was.
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