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Cramer says: “A full recovery would be a couple good quarters of [gross domestic product], and not much more than that. And probably unemployment stopping and employment going up. When you hear thinks like ‘full economic recovery,’ I regard it as subjective. So don’t look for criteria. There are … entities that actually declare ends of recessions. They’re always really late, and they’re not worth anything …”
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Jim: I saw a lot of press today on J.C. Penney [JCP
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] opening a store in New York. Do you think this is a good sign of strength for the company? I noticed its stock is well above the 52-week low but still about $14 from its 52-week high. Is this a good play, or is retail still too risky? --Missy
Cramer says: “… I still think J.C. Penney has lost its way, but I did see [it was upgraded recently] …”
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JC: I know you like the mobile Internet, but what do you think of the mobile video game market? With Madden 2010 and Call of Duty coming out soon, would Electronic Arts [ERTS
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] be a good play or is it already factored into the stock? --Aaron
Cramer says: “It’s an OK play. I don’t like the video-game business. Everything about the video-game business has turned down.”
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Hello Cramer: Back in 2008, I sold my shares of Darling [DAR
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] at close to $15, and I made some Mad Money. Since then the stock has retreated back to single digits. Could I get back in now as an Obama energy play or a long-term play on commodity pricing? --TS
Cramer says: “No … I think the stock’s a dead stock. You made the money, congratulations – don’t look back.”
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