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Thursday, October 26, 2006

Cramer Discusses Elections

Today on the STOP TRADING segment on CNBC, Jim Cramer was trying to bogey the US mid-term election results in the House & Senate and make a market inference on his thoughts.

First he discussed hedge funds and the perception on the street. He said they are only out for themselves, not the public perception.

Cramer said that the market thinking the Dem's will win the election is why the drug and defense names are weak liek drugs and LMT, but....

He likes L-3 (LLL) because he thinks homeland security will be OK even if that is the case.

He was also positive on Comcast (CMCSA) after their great quarter. He said he is not taking profits here.

Cramer thinks Arris (ARRS) will go even higher because they will be the secret winner off of Comcast cap-ex.

Jon C. Ogg
October 26, 2006

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