closeAuthor: Jeff Adams Name: Jeff Adams
Email: jeffrey_adams@countrywide.com
Site: http://www.countrywide.com
About: See Authors Posts (1)

Here’s stuff I like to project:

CNBC personality, best-selling author and stock guru Jim Cramer on Mad Money Jan. 30, 2008, following the Fed’s decision to cut their benchmark rate an additional 1/2 point at today’s scheduled meeting:

Mini Bio: Harvard law grad, journalist, hedge fund manager/owner, long-time Wall Street commentator.

This is where and when you make the money. The banking apocalypse is coming to an end. I am so confident that right now I feel like purchasing perhaps the most loathed and toxic investment around. I feel like purchasing an asset now synonymous with destruction of value. With this rate cut I think I’m going to go buy a house. You heard me (A HOUSE!)

And now I think you can probably find some darn good buys among houses. With this additional 50 pt basis cut, I think Bernanke has made a turnaround in housing INEVITABLE!

The bottom line: I believe the Fed has given you a once in a decade opportunity to make big money right now. Frankly in stocks and in 6 months in homes. Do NOT be scared away.

Boo-Yah! I don’t care how (in)sane he is, that’s good news to my ears. Mortgage rates will eventual partially catch up to these cuts and the housing industry will survive. Hang in there folks!

Popularity: 80% [?]

Tags: housing turnaround, rates

This entry was posted on Thursday, January 31st, 2008 at 8:26 am and is filed under Countrywide Home Mortgage, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.