Jim Cramer Blog

Erin Burnett began Monday's show discussing the decrease in crude oil prices and the affects on different industries. Texas Instruments (TXN) cell phone sales strong, but low end sales are weak. American Express (AMEX) has concerns of increase of chargeoffs. Burnett discussed what to do in such a up and down market. DOW coming off worst one-day drop since August 9th. Housing market will see a bottom come late winter, early spring. Burnett had David Faber and Tom Inglesby to discuss the rallying credit markets. Inglesby said the loan market up 6-7% over 6-8 weeks. Underlying credit performance in most CLO's have been very good. Mortgage and ABS investors have crossed over into CLO's. There was breaking news of a Bin Laden tape in which he calls insurgent factions to unite. Thus far, this has had no affect on the markets or oil. Next Burnett discussed the spreading fires in Malibu. Reporter Jane Wells said the latest figures show over 100,000 acres burnt and more than 30 homes destroyed. The water sectors are profiting from these fires. Water industry is looking at unrivaled growth over the next 3-10 years. The show returned to talk about a dam built in China to protect dinosaur bones from floods. China is the largest cement market in the world. KHD Humboldt (KHD)'s CEO was on the show to discuss their earnings through the China cement market. Burnett discussed how Republican presidential candidates all think that cutting taxes will boost the economy. In reality tax cuts have minimal effect on the economy. Other factors include international trade and global growth. More from Julian Robertson: He discussed Hedge Fund taxes and how everyone should be charged the same. Preview of the closing bell: Apple and Fast Money trades. Stop Trading with Jim Cramer: Cramer says get out of the financials. They are still not right. Rio Tinto (RTP): Cramer would buy. He also said, "Start buying the oils right here." Michael Eisner interviews Barry Diller later on CNBC. The last thing discussed on today's show was online video advertising. Video Egg: Advertisements for social networks. Their CEO says its all about trying to get web visitors to click on an ad. They are competing with Google and other companies.

Labels: AMEX, CNBC, Erin Burnett, Street Signs, TXN