Jim Cramer's Wall Sreet Confidential Mar. 1
Heinz (NYSE: HNZ - News), Procter & Gamble (NYSE: PG - News), Bristol Myers (NYSE: BMY - News), Clorox (NYSE: CLX - News), Colgate (NYSE: CL - News)
Cramer says that defensive stocks like HNZ, PG, BMY, CLX, and CL "make sense here" because you can be "short-term bearish within a long-term bullish environment." When Gregg Greenberg commented on risks of the yen carry trade, Cramer responded the yen carry trade has been going on for ages, there are times when it uwinds; "This is all business as usual within the context that it's very easy to scare people," Cramer said. "This is noise." He went on to say he can't find anything positive about tech, and noted commodities and gold are going down. Cramer predicts a disaster and a crisis before the Fed cut, and investing in soft goods and diversifiying are the only ways to weather the storm; "Nothing else is going to work."
Cramer says that defensive stocks like HNZ, PG, BMY, CLX, and CL "make sense here" because you can be "short-term bearish within a long-term bullish environment." When Gregg Greenberg commented on risks of the yen carry trade, Cramer responded the yen carry trade has been going on for ages, there are times when it uwinds; "This is all business as usual within the context that it's very easy to scare people," Cramer said. "This is noise." He went on to say he can't find anything positive about tech, and noted commodities and gold are going down. Cramer predicts a disaster and a crisis before the Fed cut, and investing in soft goods and diversifiying are the only ways to weather the storm; "Nothing else is going to work."
Labels: BMY, CL, CLX, HNZ, Jim Cramer, PG, Wall Street Confidential
posted by Stock Administrator @ 11:51 AM
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