Cramer's "state of the market" Wednesday Jan 21st

I don't usually listen to baldy's bullshit but I figured "what the hell" yesterday. he's predicting a turn around in housing prices by June (I think he's too optimistic) and says the two things that would get confidence back in the stock market are housing prices stabelizing AND selected Wall Streeet crooks being prosecuted for the frauds they have committed (I am VERY much in favor of the latter and think he's totally correct)

 

he put together a an "Obama Accounability Index" consisting of BAC, C, CAT, GE, GM and JPM. says that sixpack should reflect how GOOD or BAD Obama's recovery plans are working.

 

going with a defensive posture for the next 12 months, his best  Dow stocks for a vulnerable market are HPQ, VZ, JNJ, CAT and HD. says that IF the market gets clobbered, they should hold their own esp if you include their dividends AND IF the market turns they should be Dow leaders. I found his argument for VZ to be compelling esp with their current 6+% dividend yield, the fact that they are the lead provider for the new Blackberry AND their FIOS TV system. I put it on my stock watch for my IRA and will buy any dips back toward it's October lows.

going to do some more research on VZ before pulling the trigger and then ONLY on a retest of the October lows. very interested if FIOS can make inroads into cable and satellite broadcasting.

 

BIG question with ANY high dividend yield corporation right now is "is the dividend SAFE?"

i do like investing in companies with dividends although i usually dont hold them very long. But it is scary investing in these companies because they take huge hits when they cut the dividends, even if they are not much to begin with and then the stock takes a big hit. Cramers recession stock picks are all good picks right now and i really like CAT. I dont foresee them cutting their dividend, but you never know.

I don't trust cramer the pumper at all recession??how about depression

put your $$ in a cd and get a safe 3%...your not going to make money in this crappy market

there are OODLES of stocks that have DOUBLED off their November lows. and the traders have been having a ball both long AND (obviously) short. hell, the financials have been SO damn volitile that way out of the money option straddles on just the SKF have made money on BOTH sides