Sunday, June 28, 2009

Cramer's Predictions: The Rest of '09

First, foreclosures should peak, housing should bottom, and the biggest winners will be the banks. When the credit crisis was at its worse and homeowners were defaulting on their loans, their foreclosed homes weighed heavily on banks’ balance sheets. But as prices stabilize, and possibly even rise, those homes can be sold, fetching a decent market rate.

“If you want to make money,” Cramer said, “you need to take a chance. Sometimes you will be wrong, but if you never try…you'll never be right.”

http://www.cnbc.com/id/31569651

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