Let's face it, CNBC can be pretty boring for most folks. But interesting personalities like Jim Cramer take the relatively mundane topic like stock performance and economic conditions, mix it with an exciting "ESPN SportsCenter-esque" format and it is tolerable. And it works, Cramer has tons of followers - almost a cult like following.
So Cramer's Mad Money show has a pretty big influence. Today he stated "I was the first guy that said torch your house for the insurance money (8 months ago). I am now telling you that between now and the next six months you have to buy a house."
Cramer went on to site several big banks better than expected earnings reports and the new housing bill's $300 - $400 billion in FHA loans for home owners currently in exotic loans. He clearly is stating the bottom is in site - now is the time to buy low.
So if any of your clients need the advice of an expert - and I'm not expert enough for them ;) - then tell them Jim Cramer wants them to buy a house - NOW!!!
Jim's "Mail Bag" segment:
MSNBC Segment - 11+ Minutes