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Cramer Going Defensive With Recession Proof Stocks
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Jim Cramer came out on CNBC tonight and said the FOMC only giving a 1/4 point cut made him mad and sad, and he said the Fed doesn’t understand the magnitude of the financial woes out there.
24/7 Wall St. would caution perhaps that it’s time to review defensive stocks whose products you will buy whether you are happy or sad. Here was our own list of Defensive stocks. These were unfortunately down on the day too, although not as much as the market in general.
Cramer gave some of his own defensive picks for you ton hide out in the go-to plays there.
Jon C. Ogg
December 11, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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