Jim Cramer will not endorse communist China stocks. I agree. Do you?

Question

http://www.cnbc.com/id/25887062

Answer 1

Master Cramer is dead-on with this

Anytime a country's legal thug can take over something, STAY AWAY

America has enough great companies you don't have to play this game

Answer 2

Keep in mind, the bigger the risk, the bigger the reward!  Jim Cramer is sponsored by the media, advertising from US companies, not Chinese.

"It is difficult for those of us in the West to comprehend the scale of Asia Pacific’s potential development. China is not just one country; it consists of more than 30 provinces, with so many languages and dialects that Mao Tse-Tung needed an interpreter. The population may well be closer to 1.5 billion rather than 1.3 billion. The Chinese government seems to consistently underestimate its statistics, like those for GDP growth, but it is still equivalent to four or five Americas."

Answer 3

I don't listen to Cramer

he is always wrong

Answer 4

I agree.  You have to be careful when investing in non-capitalist countries.  I'm not exactly sure what Russia is now, but recent criticism from Putin sent Mechel's (MTL) shares tumbling.

Answer 5

Cramer's stock picks are wrong more than 50% of the time. So if you wanna make $$, do the opposite of what Cramer says to do.

Answer 6

I've been in this business a very long time, neither myself nor many of my associates have ever agreed with Cramer

I would normally say it's ideology for not wanting to buy communist china stocks, and this is understandable, but with Cramer and ethics/morals I don't think so.

There are many good buys in China, you can't ignore that many people,

China is growing so fast, they need capitalism and they are going to get.

The have the money to grow, and they will grow.

They're building cities like there's no tomorrow, they need all types of construction equipment, supplies, transportation you name it.

And how are they going to keep feeding all those people, the agriculture industry alone is growing very fast.

I believe in America, and it should be America first, but......

Answer 7

His statement appears to based on ideology rather than the stocks merits.  That's an individual call and Cramer like everyone else is entitled to that opinion.

BUT...I wonder if he is consistent and refuses to buy Chinese products?

I wonder if he applies the same principle to stocks and products from countries that are equally opposed to our values.

Refusing to buy the stock doesn't hurt China.  Refusing to buy their products would seem to be a more realistic position if he wants to make a statement.

Answer 8

His reasons are based on risk, not ideology.

Answer 9

Jim Cramer's stock of the year in 2007 was LVLT. Enough said.