Market research predicting a big turn in the third and fourth quarters of 2009 might be “too bullish,” Cramer said during Friday’s Stop Trading!. While the shift in focus toward the second half of the year is typical as July 1 approaches, “there are a lot of people staking out high-economic-growth ground right now.”
Cramer pointed specifically to two new Citigroup reports on Eaton and Cummins . The bank recommended buying both stocks on a “big change in the economy,” he said, which can’t be guaranteed. J.P. Morgan also released a report today predicting significant growth in the latter part of the year.
“Even though I am a bull,” Cramer said, “those are too bullish for me.”