Jim Cramer Blog

Cramer On Donald Trump: ' Donald Trump is not a guy who idly says look, it could all flip... He's got a huge amount invested in it. And I just thought that the interview was one of those interviews where you just said, did Donald Trump just say that the greatest market for real estate in the country could slip? Yes. And did he just say that this is the largest business and that we would get a recession if they don't fix it?Yes. He is a smart guy who is saying Bernanke, look. It is time to focus on it ... he doesn't ever want the government to help him. He's always been the guy who says, listen, the government can't do the job ... The truth is, he sees the larger picture and knows that the little guy's going to be out... I just thought it was a really great interview...'
Thornburg Mortgage Inc. (NYSE: TMA - News) and Countrywide Financial (NYSE: CFC - News): Cramer attributed the rise in the financial sector to a short squeeze which could also spread to mortgage companies. He said even if there were a hundred year storm in housing, TMA and CFC would be survivors, because they lend money to wealthy people who want mortgages for tax breaks rather than out of necessity. Concerning TMA, Cramer added, "Shorts have bet against this company before, and they've been taken to the one-hour Martinizing cleaners. It will happen again."
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