The pain of coming in on a day like today is unfathomable. But get used to it. We have first of the month and Mutual Fund Monday and roaring Asian markets and worldwide stimulus. The money coming in over the transom seems to be accelerating as people sense that the GM (NYSE: GM) (Cramer's Take) news is long in the stock market and there doesn't seem to be a crisis at hand that can stop us today. I say "today" because I am sure by the end of the day the higher-inflation/higher-taxes mob will have ginned up something to make the markets less appetizing than they seem.
But I think you shouldn't be so daunted about coming in here. Our markets are way behind so many others, including Europe -- that's probably a mistake at this point -- but most especially anything China.
I know you can take the easy way out and buy the Morgan Stanley China A Share Fund (NYSE: CAF) (Cramer's Take), which still has a way to go and has the best China exposure right now of all the ETFs. I am also looking at the Asia Tigers Fund (NYSE: GRR) (Cramer's Take), the appropriately symbol'd GRR, a closed-end fund I haven't looked at in a couple of decades that gives you exposure to China and the ancillary markets that are truly on fire.
But you can also buy the roaring tech components of the materials that the Chinese are buying. Here I am talking about, again, Taiwan Semi (NYSE: TSM) (Cramer's Take) as well as Analog Devices (NYSE: ADI) (Cramer's Take) -- not done yet -- and perhaps the most explosive of all, SanDisk (NASDAQ: SNDK) (Cramer's Take), which is the quintessential gadget company that has been overlooked for ages.
The move's so not over that it is really your own fault if you chose not to play.
Meanwhile, I see that not everyone's a buyer. Goldman's (NYSE: GS) (Cramer's Take) cashing in on China for almost $2 billion in a forgotten-about asset that's been soaring.
Talk about overcapitalized. Who knows what they will do with it, except pay back all of TARP and have plenty of capital to spare.
Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long Goldman Sachs.
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Reader Comments (Page 1 of 1)
6-01-2009 @ 11:42AM
gold_tracker said...
China is becoming the big player folk have bee talking about it becoming for years now. It is definitely easy to see their moves lately to usurp world financial control from the US and I'm thinking the US FED is doing everything they can do to help that along. It's been amazing to me to see the commodities that China has been buying up over he last several years.
And today with Geigthner in China I'll looking at the widget I use to track gold and silver, http://www.learcapital.com/exactprice and I see those two precious metals are up over last week. I can't help but think it's more of the inflation monster. Oil's up too, which will affect precious metal mining and their for prices. It's going to be an interesting year. That's for sure.