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.
Last night's show was a good one, lacking Monday's contradictions and Tuesday's bait and switches.
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:
- Day 1 and Day 2 of Eye on Cramer offer up plenty of inconsistencies.
- You can track Cramer through a dedicated page on Motley Fool CAPS.
- You don't need a guru to find the next stocks you should buy.