Cramer had been saying on Mad Money that June 30 would mark an end to falling home prices and a bottom in that sector. But key initiatives from the federal government to keep mortgage rates low and help ailing banks should bring that bottom even sooner. The consolidation will also play its part. Cramer wondered if KB Homes would be the next company to be bought out.
Elsewhere in the market, the common wisdom about drinking through a recession doesn’t seem to be holding up during this downturn. Rob Sands, chairman and CEO of booze maker Constellation Brands, made statements during a “Street Signs” interviewthat had Cramer worried about the U.S. economic outlook.
Be sure to watch Mad Money’s special 1,000th episode show Wednesday on CNBC at 6 & 11PM ET. NYSE Euronext's Duncan Niederauer is just one of the anticipated highlights.
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