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Mad Mail: Cramer Gets a Laugh on 'Daily Show'
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Dear Jim: Is Wells Fargo [WFC
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] going to be a winner out of all this? They seem to have the wherewithal to withstand crises and buy assets on the cheap. And it's a pretty strong endorsement that Warren Buffett bought more last quarter. What do you think? --Ron in Texas
Cramer said he thinks Wells Fargo’s lobbying the Federal Reserve to be next line to buy a failing bank, just like JPMorgan Chase [JPM
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] did with Bear Stearns [BSC
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]. Wells, US Bancorp [BSC
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] and Goldman Sachs [GS
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] are all in a position to do that.
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Dear Jim: In this bear market, I would love to know which "addictive" company to invest my dollars in, Starbucks [SBUX
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] or Hershey [HSY
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]. Both look to be bottoming out, but then again, I'm a first time investor. Help! --Vincent in New York
Cramer says: “I believe in Howard Schultz turning around Starbucks. But I have said it’s an 18-month turn. So you have to be very, very patient. Hershey, I still don’t see a bottom in that.”
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