On today’s WALL STREET CONFIDENTIAL on TheStreet.com, Jim Cramer discussed the Yen-carry trade and the weakness. He noted how the yen carry-trade has been around forever, where traders borrow at 0.5% in Japan to invest at higher rates elsewhere. He thinks the Yen carry-trade potentially blowing up is all noise. This drop is about the slow-down from subprime, from SunTrust (STI) warning, from other fresh warnings, he doesn’t like tech still. If you look at what caused the fed to cut after the fact it will sound like the end of the world, but Cramer still thinks they’ll have to cut rates. He again notes the food and beverage stocks as the group that is trying to bottom first.
Jon C. Ogg
March 1, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
