Another day, another hour of Jim Cramer.
I committed myself to watching CNBC's Mad Money all week long. Maybe I should have stopped at the first three words of that sentence. However, even the baron of boo-yahs requires a second opinion. I'm here to help.
One of his first callers asked for Cramer's opinion on a pair of utilities. Rather than render a bullish or bearish opinion on the companies, Cramer suggested buying a utility mutual fund instead. Yesterday's collapse of Great Plains Energy
I found myself nodding along with Cramer's advice. It frightened me.
He then interviewed a pair of CEOs. St. Jude Medical
The second corporate chieftain was VF's
The lightning round was a blur, as it always is with Cramer. He panned more stocks than he liked. When someone brought up a bank stock, he once again repeated that the only banking plays he is recommending are Goldman Sachs
I disagree with Cramer here. Finally! I think any reasonably priced bank that has refused TARP money is worth researching. All of the rest are doomed to meander.
Other Cramerica tales:
Longtime Fool contributor Rick Munarriz is a fan of Cramer and even read his autobiography a few years ago. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.