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Take Profits, but Stay in the Market

By Jim Cramer

 About this article:
 Sure, people can take profits. We are overbought now. The profit picture is going to be terrible for a lot of companies, from soft goods like General Mills to hard goods like Emerson. But the firmament has changed. The consumer has just been given a huge shot in the arm, a chance to get a 4% mortgage or a 4% refinancing that could change the spring selling season and make it worthwhile to spruce up your house again. Instead of thinking, "How can I sell my home in this environment?" people will be saying, "You know what, I will spruce it up, and then the buyers will come." I wanted the government to get into the mortgage business temporarily and offer 4% mortgages for everyone, not just a program for those who some insist on calling deadbeats and who I say are just overstretched homeowners. It didn't...

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