Wednesday, March 29, 2006

Jim Cramer: similar to Dot Coms

He is said to be worth somewhere between $50 and $100 million. Except for the stake he has in his Web site, he only plays the stock market now for his charitable trust, from which he does not personally profit. Always an optimist, he nevertheless believes that the real estate bubble is about to burst.

“I think real estate is very similar right now to what the dotcoms were like in 2000. Everybody thinks you can’t miss with real estate. Actually I shouldn't say that. In the last five months, I think it's starting to dawn on people that real estate can go wrong,” says Cramer.

On weekends, Cramer now assumes the role of gentleman farmer, feeding his animals, clearing his pumpkin patch and finding time to relax and unwind. But, come Monday, it’s show time.


Post a Comment

<< Home