On today’s STOP TRADING segment on CNBC, Jim Cramer discussed Google (GOOG) as going to $600.00 and it has to pass $500.00 to get there. The numbers keep going up and the metrics keep rising. He said if he used the $850.00 target he’d like to use he’d be investigated. With al the forward multiples it is just difficult to not see it under $600.00. He isn’t wearing the tag, but he thinks it could ultimately go to $750.00.
He also noted Goldman Sachs (GS). He said with a Wells Fargo multiple it would be at $225.00. He doesn’t know why it has the lowest multiple of thr goup when it is the best. It is too cheap according to him.
Deere (DE) is one that Cramer said is killing the shorts, and is going higher to Par ($100). He said they did everything right besides the forward numbers.
"This is the best market I have ever seen" is what Cramer noted.
Jon C. Ogg
November 21, 2006