The Homa Files

Excerpted from CNBC, “Stop Trading!: Obama: Enemy of Stocks?”,  March 2,2009

Mad Money host Jim Cramer is worried that the same shareholder-unfriendly approach the White House took toward Medicare … could hurt the Pentagon (defense related) as well.

“We’ve got to get over the idea that you can make money on the long side with Obama,” Cramer said.  “That has proven to be very difficult.”

Cramer recommended instead that investors preserve cash and assume a protective stance against any future White House moves.

Full article:
http://www.cnbc.com/id/29468637

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This entry was posted on March 3, 2009 at 7:42 am and is filed under Obama Administration, Stock Market. 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.