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Wednesday, November 08, 2006

Cramer Discusses the Election Winners, Again

On tonight's MAD MONEY show on CNBC, Jim Cramer wanted to discuss how the elections could make you money.

Boy, this sounds like 'deja vu' all over again.

Cramer said that corporations may have lost some of their stranglehold over the government, but the markets rallied instead. This was the market getting past the event.
Cramer said that gridlock has been good for the economy but you can't like the market quite as much as you did yesterday because dem's look after consumers more than shareholders. Take 1 multiple point off the market. BUT....Cramer says you have to stay in the market and don't be put off on the headlines.

Cramer said the Dem's won't have the power to do much besides making the companies look like they are less of a corporatocracy (my word not his). Cramer said that even Waxman shouldn't keep you away from stocks. Cramer says you do have to pay attention to Washington. He thinks that Pelosi won't stop Google (GOOG) from earning $15.00 next year. He also said to stop bashing Halliburton (HAL) because it is done going down. He thinks the democrats won't touch the credit card companies because deadbeats don't have lobbyists. Cramer still likes MasterCard (MA) and says that Fannie Mae (FNM) will win. Cramer still thinks Apple (AAPL) is going to $100 by year end and he thinks Cisco (CSCO) is still good to be in with it up huge after the report.

In a call-in Cramer said to keep the Exxon (XOM) and not sell it.

Jon C. Ogg
November 8, 2006
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