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We Get Another Squeeze Up

By Jim Cramer

 About this article:
 Every stop is being pulled out now. The government is at last buying government-sponsored enterprise debt, something I urged the Federal Reserve do to months ago but was thought to be way too radical, given the soundness of the fundamentals, but this could help push down mortgage rates and help the ridiculously hobbled housing market. Tell me we don't need it, with the 17% drop in the price of housing year over year as represented by the Case-Shiller index. Of course this move will cause still one more squeeze up, as the fast money was evacuating this market after steep back-to-back gains. Soon we will be hearing about positive seasonality to further lift stocks, even as positive seasonality has been a totally wrong indicator. I am a bit wary, because we are now in the time frame that Helene Meisler has said over and over could be the...

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