Jim Cramer: Housing Bottom is Near

Nice positive mesage from Jim Cramer. He points to lower cancellations and pent-up household formation.

image

Advertisements

4 Responses to Jim Cramer: Housing Bottom is Near

  1. ShortWoman says:

    Well, CNBC keeps telling us Cramer called the beginning of the mess. Why shouldn’t he get to call the end?

    He’s got more credibility than Lawrence Yun.

  2. bill says:

    Jim Cramer does not know the end. Jim’s a lucky stock picker that rode the dot com wave into a celebrity career. He could have been a SNL guy. I wouldn’t invest 2 bucks with him.

  3. frothingdeveloper says:

    Bill,

    What’s important about Cramer’s call isn’t whether he called the bottom to the day, but that he’s made the call at all. When someone who was a bearish on housing as Cramer starts looking at the positives, it’s is an important indicator.

    Right or wrong, he has a huge following, and calls like this are the precursor to the rest of the media picking up more of the same.

    By the way, while Cramer may have ridden the dot com wave into his “celebrity” career, he is hardly, a “lucky stock picker”. His hedge fund beat the indexes handily and consistently for many years, well before the late ’90s.

    -Frothing Mark

  4. bill says:

    A monkey could beat the indexes in the 90’s the numbers were all bs. Kinda like real estate values in Las Vegas 2004-2006. 300000 for a 1600 square foot stucco box is a joke. Home values must have some relation to average salary and rents. Read Peter Yong’s article this week in La Times with economist Christoper Thornberg.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s