Americanos procuram Portugal fora das praias

[Ulisses Pereira]

"Here Comes the Handwringing"

By Jim Cramer
RealMoney.com Columnist
4/4/2008 8:57 AM EDT


"Now we should get a lot of "pushing on a string" talk.




Talk that says the rate cuts won't work and we don't need any more of them.

Lots of handwringing talk that the market belongs much lower, and we are too quick to dismiss systemic risk because there cannot be any house price appreciation if there is no job creation.

Again, this kind of weak number is par for the course. With the Wall Street layoffs and GM (GM - commentary - Cramer's Take) shutdowns you can't have a good number. It is inconceivable. When you link in the housing numbers we are lucky to be losing only this many jobs.

The market's been up a lot. We have had a nice recovery in some of the bank stocks, particularly Wells (WFC - commentary - Cramer's Take) and Bank of America (BAC - commentary - Cramer's Take) and Citigroup (C - commentary - Cramer's Take). There are good feelings about Nat City's bidders and about the recovery in the credit default spreads -- less risk of defaulting.

I suspect those will all take hits.

But I don't think there is anything drastic here, and if you think so you will most likely panic out on all the recession/string push talk.

It's all business as usual. Not much else."

(in www.realmoney.com)

[Ulisses Pereira]

"Whip the Stagflationists Now"

By Jim Cramer
RealMoney.com Columnist
4/4/2008 7:16 AM EDT



"Where are all the stagflationists who were supposed to be selling everything because we have no growth and inflation? Do they really think a couple of weeks decline in some grains and gold constitutes a whip inflation now situation? Or that the fact that oil is under $110 makes the world safe from inflation?




The reason why I always rail against the stagflationists is that there is simply no way you want to own a stock if these guys are right. They engender a tremendous amount of fear. But then you end up selling into a crushed and bruised market only to see commodities tick down and the stocks most prone to stagflation spring back to life.

Now, the situation out there is hardly ideal. Commodity-based inflation is showing no real signs of abating, as it is being driven by either worldwide demand, or our food for oil policy to support farmers making ethanol. There is a horrid slowdown that all the export driven stocks mask. But the time to sell would be, say, now, if you believe this stuff, not when the market was at the abyss.

Why am I not worried? Because financial-based inflation, the kind that can cause real rot, is on a fast decline and even though we see investors/speculators buying homes in foreclosure I know we aren't done with that cycle down until realy buyers, not investors, step up.

I'm just steams because all of this market's fundamental naysayers based on the scourge of stagflation seem to have vanished, only to return when it is most ugly to do the most damage to your portfolio. "

(in www.realmoney.com)