Friday, June 26, 2009

The Cramer college tour was the last scavenger

Trapping somebody -- these guys who do not care about anything except money, are professional pumper and dumper going against majority.

The Cramer college tour was the last scavenger of the college kids out of their little saving and credit cards.

What's left is those who survived through the prior pump and dump phase.

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Cramer: Wall Street's Outlook 'Too Bullish'
Posted By: Tom Brennan | Web Editor
| 26 Jun 2009 | 03:43 PM ET

Market research predicting a big turn in the third and fourth quarters of 2009 might be “too bullish,” Cramer said during Friday’s Stop Trading!. While the shift in focus toward the second half of the year is typical as July 1 approaches, “there are a lot of people staking out high-economic-growth ground right now.”

“This is the most aggressive, bullish stuff I’ve seen,” the Mad Money host said.

Cramer pointed specifically to two new Citigroup reports on Eaton and Cummins . The bank recommended buying both stocks on a “big change in the economy,” he said, which can’t be guaranteed. J.P. Morgan also released a report today predicting significant growth in the latter part of the year.

“Even though I am a bull,” Cramer said, “those are too bullish for me.”

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