Cramer just recommended on the pay site buying deep in the money calls on Potash (POT) on this pullback. Reason for the recommendation, wheat shortages and (of all things) ethanol.
Tagged: Cramer RSS
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ArlingtonJB
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Teresa Lo
Dear Jim…
Cramer was going on yesterday about China:
5 Plays on China’s Booming Middle Class
China’s growing middle class.Sure, some people are worried about a government-mandated slowdown in the country, but Cramer said it won’t be “that severe.” He thinks the real-estate bubble will be dealt with, but other industries will be left alone. Besides, UBS is predicting that China’s gross domestic product growth will decelerate from 11.9% in the first quarter of this year to 8.5% in the fourth quarter, and that’s “still very healthy.” And even if the slowdown in China is worse than expected, Cramer doubts it’ll be enough to put a damper on the huge trend that is the rise of China’s middle class.
That’s because, according to the Brookings Institute, the middle class could grow to 670 million Chinese by 2021, up from 150 million people today – or 520 million new consumers for all kinds of products and services.
“This is a force that cannot be stopped … not even by government intervention,” the Mad Money host said. “And we want to look at a number of different ways to play it.”
A group of people that excludes 89% of the population is, by definition, NOT THE MIDDLE. These are the elite.
Pete 1:05 PM on August 11, 2010 Permalink | Log in to Reply
CNBC Article Wheat Price Rise May Ignite Global Food Riots
ArlingtonJB 9:49 AM on August 17, 2010 Permalink | Log in to Reply
Looks like Cramer caught a good one with the POT options via the buyout offer.