Jim Cramer Blog

David Faber says Merrill will need time to fill their top spot after Stanley O'Neal has left. Paul Kedrosky says to pay attention to stock fluctuations in the market, rather than the rise and fall of Merrill. His favorites today are techs and transports. Oil soars past $93/barrel. Bertha Coombs says many traders are seeing opportunity rather than discouragement of the rise of oil prices. David Tice of the Prudent Bear Fund recommends investing in precious metals such as gold and silver. S&P leaders today are: Radioshack, Humana, and Weyerhauser. Dow leaders are: Exxonmobil, Ibm, Aig, Alcoa, and Dupont. Tim Duy, Oregon economic fund director, says federal interest rates, excluding housing, do not and should not necessitate any cuts. Anticipation still remains surrounding an increase in interest rates. A completely electric battery-powered car is on the horizon. Shane Agassi, project better place founder, says he has raised 200 million to advance in energy production. "Better Place" says they are already prepared to set up service stations to replace and recharge batteries. Agassi says lithium-ion batteries have the potential to change the auto industry forever, and given the infrastructure in place, there should be no hesitation to move the system into play. Becky Quick was next, reflecting on her recent Asian trip with investment legend; Warren Buffet, CEO and Chairman of Berkshire Hathaway. Buffet says the Chinese market is in a bubble, rising amazingly. Also that the Korean market is doing much better than that of the Chinese market. A-Rod requests to become a free agent, after being offered $200 million for 10 yrs. to return with the Yankees, sighting insufficient offer for his talent. The Red Sox, Giants, Dodgers, Angels and the Cubs are all candidates to "buy" A-Rod.

Labels: CNBC, David Faber, Exxon Mobil Corp., MER, Merrill Lynch, Stanley O'Neal, The Call, XOM