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Cramer on BloggingStocks: Earthquake recovery can change China

 May 14, 2008 09:30 AM UTC
Return Risk
-6.05% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
CLF Positive 05/14/08 +20.07% 06/24/08
RIO Positive 05/14/08 -33.44% --
BHP Positive 05/14/08 -22.16% --
FCX Positive 05/14/08 -24.50% 08/07/08
UTX Positive 05/14/08 -1.40% 05/19/08
X Positive 05/14/08 +12.44% 06/24/08

Graphic_arrow1 Via BloggingStocks:  

Filed under: China, Market matters, U.S. Steel (X), United Technologies (UTX), BHP Billiton Ltd ADR (BHP), Freep't McMoRan Copper (FCX), Commodities, Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says that rebuilding from natural disasters can alter the growth picture for a country.

Is it Katrina all over again? Or is it bigger? Much bigger? That's what I am thinking about this Chinese earthquake.

Katrina distorted the U.S.'s growth pattern for more than a full year. The raw materials, the effort, the work, the reconstruction affected businesses from small-scale retail to refining and infrastructure.

We don't really know how China works, although a lot of people tell us they do. To me, the Chinese are always a day away from revolution or civil war and the trick of the government is to stay one step ahead of the posse. (Chinese hands will...



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chadiusdarwin   60%     1 point   commented 99 days ago reply

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