Wednesday, December 17, 2008
Cramer: Bernanke Finally 'Gets It"
Jim Cramer (the love-him or hate-him financial guru) has predicted for quite some time that the housing financial meltdown will formally 'bottom' next summer. He sees yesterday's action by the Fed as a major step in making his prediction come true. With the Fed rate drop of 3/4 of a point, Cramers sees today's low mortgage rates potentially going into the 3's next year. He further says that NOW is the time to buy. Read his article HERE.