Jim Cramer’s sunny outlook for 2009

By Reynolds Staff on Jan 23, 2009 in Basics, Uncategorized

TheStreet.com outlines some of the predictions CNBC’s Jim Cramer has for 2009. It appears Cramer is very optimistic about the new administration and thinks investors can look forward to a “huge rally” this year. Cramer’s basis for the optimism is the fact that in 1933 the market got a huge boost from a transfer of power.
Cramer also predicts the housing market will finally hit bottom in 2009 and China will make a “comeback.” Cramer believes President Barack Obama will adopt natural gas “as the future of fuel” which will in turn eliminate the derivatives market “that has been destroying the bank stocks.”
Most importantly, Cramer asks investors to “start looking at things a bit more optimistically.” Acccording to Cramer, investors who remain bearish in 2009 may end up losing money.
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