Banking, finance, and taxes
Cramer Launches "Cramer's Mortgage Madness Index"
Published:
On tonight’s MAD MONEY on CNBC, Jim Cramer said that today and this week proves sometimes you can’t be too bullish. You need a measure for an ‘all-clear’ signal to see when the market is safe to go back into. Cramer thinks Bernanke should cut rates, particularly with more spending in Iraq than helping here for those about to lose their homes. Here are the tickers for his news "CRAMER’S MORTGAGE MADNESS INDEX":
MGIC Investment (MTG), Countrywide (CFC), Bear Stearns (BSC), KB Home (KBH), Centex (CTX), Citigroup (C), Goldman Sachs (GS), Blackstone (BX), MBIA (MBI), Thornburg (TMA), Beazer (BZH), and Washington Mutual (WM).
Cramer said he’s not saying these are buys and aren’t sells, not yet anyway. This index is just representative of the names that you have to watch because if these are still falling then it means there isn’t a stabilizing market or group.
Jon C. Ogg
August 3, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
