Jim Cramer Blog

Erin Burnett hosted Monday's show. Jane Wells says that Countrywide and E-Trade are both down in the mortgage department. Financial and Technological sectors are down again today. Retailers lure consumers with holiday incentives, which include more financing options as well as some increasingly clever marketing. Retailers' aim is to not have to rely on price cuts to entice consumers in. Melissa Lee says that through price cuts, more and more people lose money within the company, and is not always the best choice for consumers. Utilities headlined the next topic. Investors are looking for a safe haven. Vince Farrell of Scottsman Trading says that if you have confidence in utilities, then get behind them and buy. If not, Energy stock seems to be the next choice if you look at market growth and investor input. Next, Dylan Ratigan with the weak dollar report. He says gold and mining commodities in general have been down, reflecting on the weakness of the dollar. Next topic was the top leaders in the world in 2007. David Gergen of U.S News and Center for Public Leadership says 77% of the people in the U.S feel they cannot trust the media and that there is a leadership crisis, 79% believe that us will see decline as a nation if we do not make a move to gain new and better leaders. Among the top leaders are Arnold Schwarzenegger in California whose policies have brought California out of decline and debt. Also, in fighting to reduce greenhouse emissions, he has helped his role as governor act as a global leader as well. Doctor William H Foege has done work with Unicef, World Bank, and Rockefeller Foundations to contribute to advancement made in health and various medical fields. Next, Goldman Sachs (GS) gets the financial pick of the day, says Dick Bove. Goldamn Sachs has superior technology to crunch numbers, has more IT personal then investors, and the best foundational basis than any of the financials today. The Energy Information Administration says that you can expect a .20 increase per gallon of gasoline in the next few weeks.

Labels: CNBC, E-Trade Financial Corp., Erin Burnett, GS, Scottsman Trading, Street Signs, street signs recap