Skip navigation

Mad Money with Jim Cramer - MAD CAP RECAP - The Official Mad Money Blog

RSS FEED

» Help

Current DateTime: 01:23:34 29 Nov 2009
LinksList Documentid: 33424199

FEATURED SLIDESHOW

  Who Is The Worst CEO?
  Mad Money needed new inductees for its  
  Wall of Shame, so we asked viewers for
  nominations.
Text SMS AlertGet stock and market information from Mad Money's Jim Cramer sent to your mobile phone.

MAD MONEY FEATURES

PodcastsPODCASTS
Watch the Lightning Round whenever and wherever you want.




WidgetOFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




SoundboardCRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




RingtonesRING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.






Gov’t to Sell Its Citi Shares?
Published: Monday, 2 Nov 2009 | 3:35 PM ET
Text Size
By: Tom Brennan
Web Editor, Mad Money

The government may soon exit the banking business, Cramer said during Monday’s Stop Trading!. Well, at least one bank.

Citigroup [C  Loading...      ()   ] could be a buy, the Mad Money host said, if the feds unload their 34% ownership stake in the firm. And he thinks it could happen very soon.

“It just has that feel,” Cramer said. “It is so heavy it’s unbelievable.”

In retail, Cramer said, the story was all “Amazon, Amazon, Amazon.”

The online retail giant is the reason so many other stores are cutting prices and offering free shipping. Nordstrom [JWN  Loading...      ()   ] was the latest to join the bandwagon, offering no-cost delivery for the holidays.

Although inventories are low, Cramer said, high-end retailers don’t want to get caught with any extra merchandise at all. That, along with competition from Amazon [AMZN  Loading...      ()   ], is driving a lot of sales and discounts.

“I think that retail is not as depressed as we’d like to think,” Cramer said, because of those low inventory levels. “But I am surprised about the bargains.”

Sure, suppliers of apparel and other wares are probably “thrilled,” Cramer said, to have a new customer-friendly distribution channel in Nordstrom, but Amazon’s “game changer” of a shipping business poses a big threat to most of the industry.

“These bricks-and-mortar retailers are living in fear,” Cramer said of Amazon’s reach and power, “that they are about to have another leg down.”

Call Cramer: 1-800-743-CNBC

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved
Add This share icon
Text Size
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:01:45 29 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:01:45 29 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:01:45 29 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:46 29 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters