GO
Loading...

Cramer: Bernanke Is Doing 'Everything Right'

Wednesday, 27 Jan 2010 | 3:06 PM ET

In Wednesday's Stop Trading! segment, Cramer gave his views on the two big events of the day: the AIG hearings on the hill and Apple's release of the iPad.

The Congressional hearings has made headlines, and with the government's policymakers sternly questioned, what grade does Cramer give the Federal Reserve and Treasury heads?

Stop Trading, Listen to Cramer!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.

Although in the past, he has has strongly criticized Ben Bernanke, Cramer thinks the Fed chariman is doing "everything right." Confident in this, Cramer said Bernanke will not let us slip back into a recession, pointing out that Bernanke is a well-versed student of the great depression. Cramer also thinks Tim Geithner is doing a good job, saying that he's impressed by what the Treasury Secretary has done.

Another major event today was around Apple's newest release: the iPad. After seeing the product, Cramer wants one immediately. Despite speculation that the device will face connectivity difficulties using the AT&T network, Cramer predicts an increase in sales for the whole Apple family of products when consumers visit the stores to purchase the iPad. Cramer is bullish on Apple and strongly thinks that the company is a buy.

For Cramer's full take on these topics, check back for the video!

Call Cramer: 1-800-743-CNBC

Cramer's Charitable Trust owns Apple.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
T
---
AAPL
---

Featured

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.