Jim Cramer Blog

Trish Regan hosted. Crude oil at $95.93, up 3.5%. Bill Miller says the greatest gains in the next 5 years will be in financials. Believes that techs will plummet in the years to come. Tony Dwyer of FTN Midwest says trading is at a crossroads between slowing and recession. He says to look at tech and healthcare for investments, to favor domestic as opposed to foreign sectors. Scott Richter recommends energy stock Apache (APA). Dave Hayes and Julia Boorstin came next. They discussed Hollywood writers likely to strike for the first time since 1988. 1.2% of revenues go to writers. 90% of writers voted yes to strike at last night's writer's guild meeting. Scripted dramas will feel impact first. Main concerns are dvd and internet revenues. Likely to last through the first quarter of next year. John Harwood was next, discussing democratic candidates for 2008. He says if the democratic party wins the white house in '08, we will see many changes to business and financial sectors. Frontrunner for the democrats; Hillary Clinton was quoted saying "If I am elected president, I plan on taking money out of the pockets of big business." Donald Straszheim of Roth Capital Partners says; China Investment Corporation (CIC) will be buying into the financial sector via security firms. Donald says CIC will not affect the way these companies run. He is quoted saying: "China's financial sector is primitive and weak at best." Rick Santelli gives the Bond report saying, pre-foreclosures are influencing revenues and money transfer for the bond market. The bond market is closing on new lows today. Google was the next topic, up 5.77%. John Dvorak says there is no end in sight for the number 5 company; Google, because no one can compete. The $222 billion company is quoted as being "relentless." They are up 608% since 2004, by finding new ways to index the entire internet. 380 million people use Google everyday. Stop Trading with Jim Cramer was next. His pick is Coca-Cola Ent. Mystery death of a NY real estate agent was the closing topic. Linda Stein was found beaten to death in her apartment. She developed many big name connections as a broker and real estate agent, working with the likes of Elton John and The Ramones.

Labels: APA, cic, CNBC, Street Signs, trish regan