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(Left to Right) Kenneth Evans, Dean of the Price College of Business, looks on as David Boren presents speaker, Jim Cramer, with a football as a gift on Thursday evening prior to his speech in the Sam Noble Oklahoma Museum of Natural History. Marcin Rutkowski/The Daily |
Jim Cramer, host of CNBC’s “Mad Money,” has arrived at OU.
Cramer is the host of a financial show that is broadcast nationwide, and he has decided to do a taping of his show on campus.
“I usually say ‘boo-yah’, but tonight I say ‘Boomer Sooner,’” Cramer said Thursday at a dinner in the Sam Noble Oklahoma Museum of Natural History. “I wanted to do my show at USC, but they gave me an 18-month wait. I also went to [the University of Texas], but they didn’t even give me a response. I want to thank you for opening up your school to me, and I am proud to be here and it is an honor to host my show from here.”
Cramer said despite the numbers on Wall Street, he is “bull-ish” about the economy.
“Every time I meet people, they are always so pessimistic,” Cramer said. “If you would have told me a year ago that certain companies and banks would still be in business today, I wouldn’t have believed you. I would have said it is not possible. But we have rescinded from the edge of the precipice.”
Cramer said though the U.S. is not gaining jobs, earnings on Wall Street are starting to go up. He also said things may not recover as fast as we want them, but the U.S. is beginning to financially recover.
“There are three industries that have shown that they are reliable places to invest: banks, technology and natural gas,” Cramer said.
Cramer said young investors should consider buying stock in Apple, the computer company that produces the iPhone and iPod.
“I remember when this company was just getting started when the iPod came out. They had three percent of the market share on MP3s, now they have 80 percent,” Cramer said. “I have talked to the executives. I have seen where cell phones and smart phones are going, and I think the same thing that the iPod did for Apple will happen again with the iPhone.”
Cramer said Apple is good for young investors because it will slowly expand its earnings over time, making it a good investment in the long run.
Cramer said he was particularly interested in coming to OU because of President Boren and OU’s commitment to natural gas.
“I like natural gas for many reasons,” Cramer said. “It is natural gas that will help us reach energy independence, and it is the gas that will power America into the future.”
Cramer said if the Obama administration would focus more on natural gas and less on solar power, wind power and batteries, America would benefit not only environmentally but financially.
“The jobs created by converting this country to natural gas would be more than the jobs we are creating converting to solar and wind,” Cramer said.
Cramer said the change to natural gas would not happen as quickly as it needs to unless leaders in Washington D.C. would stop “catering to the coal lobby.”
“We can coexist alongside the coal industry, but there is no such thing as clean coal,” Cramer said. “I’ve had many executives on my show who have told me that there is no way to make coal clean. Clean coal is a hoax, and I will expose it every week on my show until it is dealt with.”
Cramer will film his show at 12:30 p.m. today at the Donald W. Reynolds Performing Art Center. Ticket information can be found at madmoney.cnbc.com.
Comments
good to know we were his third choice
There may not be clean coal, but there's also no such thing as clean natural gas. It still emits carbon dioxide into the atmosphere. Solar and wind energy are much cleaner and more sustainable because they are renewable.
On another note, since when did Cramer ever give people good advice? All you have to do is watch his interview on the Daily Show to know this guy's an idiot. The banks that are still around are still around because of the bailout by the federal government, not because of some miraculous rebound by the stock market. Does this guy ever shut up or is he too busy making stupid noises? Here's a noise for you Cramer, "ah choo!" That's me sneezing because I'm allergic to your B.S.
Yo... Got some sad news for you... There is no such thing as "renewable energy"! You might want to take a basic high school physics class to get this concept down... Once energy has been translated into "work", there is a loss of energy during this transformational process which is lost, and cannot be recaptured. Wind & solar are inefficient, unreliable, and probably close to another 25+ years until anyone could seriously envision commercial viability anywhere other than in rural/agri areas. Try nuclear... That's readily doable NOW... If we can get the "enviro-idiots" back in their padded cells!
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