Bad-News Banks; Oil Stocks Getting Killed: Jim Cramer's Best Blogs
NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- bad-news banks and
- the oil stock price crash
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Bad-News Banks Breaking Training
Posted at 11:07 a.m. EDT on Friday, Nov. 15
It's been a long time since the banks have been able to shake off bad news and go higher. Today's one of those days.
They got these ridiculous Moody's downgrades and, at last, they meant nothing. You have the Attorney General of the United States talking about coming down on the currency manipulators, which could lead to all new investigations of money centers -- will they ever cease? -- and they meant nothing.
These stocks are all trading higher, in part, I think, because we are going to get a little inflection in the yield curve and in part because they are just too cheap relative to other stocks. It's very in vogue to talk about bubbles, but is it a bubble to mention that Bank of America
So, when I look at this group I can truly say it is a bargain vs. other times and that's spurring real interest.
This group can provide fabulous leadership and it has been through hell and back. If they catch fire, then many more can catch fire, too. We are holding on to
Meanwhile, there is some research on KeyCorp
Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long JPM, WFC and KEY.
Oil Stocks Getting Killed
Posted at 2:40 p.m. EDT on Tuesday, Nov. 12
Can the decline in oil kill the American oil renaissance?
In a word, no.
It will just kill the stocks.
The market is a little asymmetrical right now. The winners from the lower oil price, which include not just the disposable-income plays but also the consumer packaged-goods companies, aren't really getting much of a lift. But the losers, the oil companies, have been clobbered.
Take the stock of EOG