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Obama Wars Title: Cramer: Obama Forcing U.S. Investors Overseas Cramer: Obama Forcing U.S. Investors Overseas Monday, 01 Feb 2010 10:53 AM Article Font Size By: Dan Weil CNBC commentator Jim Cramer says President Obama is picking a fight with the stock market and that investors should turn overseas as a result. “We have a president who is kind of turning on the stock market in a populist way,” Cramer said on the air. “If you’re a populist, you think that the stock market is for rich people. I hear that kind of thing in his voice, and it makes me say, ‘Maybe I should now focus on foreign stocks.'” Cramer recommends that investors lift foreign stock holdings to 25 percent of their portfolios, up from 20 percent normally. “The U.S. is becoming unfriendly to business, that’s just a fact of life,” Cramer said. “This country’s getting tougher and tougher to make money in.” Investors have to look at everything through the prism of what will be the next target for the White House, Cramer says. “Is oil next for Obama? Why not?” Cramer said. “The companies make a lot of money. They use U.S. government lands.” Bottom line: “The White House is back in that mode which thinks the stock market simply isn’t very important,” Cramer says. Not everyone agrees with him. Investment guru Laszlo Birinyi expects U.S. stocks to gain 10 percent or more this year amid growing investor confidence and increases in corporate takeovers and share buybacks. “The surprise is going to be on the upside,” he told Bloomberg. © Moneynews. All rights reserved. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest The markets really hated this budget, eh? DJIA up 118 for the day.
#2. To: Brian S (#1) Get back to me when you understand the difference between whats being discussed in Cramer's comments, and the daily stockmarket, BS. Where's the Onaka stamp in 26 and 27, jackass? war posted on 2010-01-11 11:51:48 ET Reply Trace frauds last LP post #3. To: Brian S (#1) I was never a Cramer fan and his blatherings about Bear Stearns underscore why...
[Hillary] won't enter the DNC primaries...the only question is what the excuse will be when the time comes. Badeye posted on 2007-04-12 14:40:38 ET Reply Trace #4. To: Brian S, Badeye (#1) Jim Cramer??? Now that's funny. Being a Republican means you get to choose your own reality. #5. To: go65 (#4) Gee, thats 'funny' you usually whine when something negative about a Dem is posted...(laughing) Where's the Onaka stamp in 26 and 27, jackass? war posted on 2010-01-11 11:51:48 ET Reply Trace frauds last LP post #6. To: Brian S (#1) Gee, I wonder why your not commenting on the stockmarket today...(laughing) Its getting uglier out there... #7. To: Brian S (#1) The markets really hated this budget, eh? Down another 200 points so far today, BS...what, no Owe-Bama cheerleading? (laughing) you always were a idiot that posted talking points. Its getting uglier out there... #8. To: Badeye (#7) It's a global sell off tied into foreign debt concerns...but feel free to tie in daily movements of the Dow it into Obama anyway... I think my prediction of 3 GOP Senate seats lost, and between 6 - 8 House seats is proving to be correct. But I think I nailed this one. We'll see. Badeye posted on 2006-11-03 16:11:09 ET Reply Trace ACtual results: House +31 Dems Senate +6 Dems Top • Page Up • Full Thread • Page Down • Bottom/Latest |
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