CNBC’s Jim Cramer Likes Some Bank Stocks
TV’s Resident Financial Wing-Nut Likes Them Even Better When You Buy Them
Jim Cramer, known as the Dick Vitale of Wall Street for his preference for volume and ebullience over any substantive comment, recently declared that stock market sentiment was overly negative and recommended buying sub-prime free bank stocks such as Hudson City Bankcorp.
Mortgage concentrations in Florida, California, Indiana, Nevada, Ohio or Michigan should be a red flag to investors, Cramer said.
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Typical Cramer viewer is also cuckoo for Cocoa Puffs
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Cramer also cautioned investors to avoid trying to pick the red queen in a street 3-card monte game or letting a hooker borrow your car for the weekend.
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