SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
CFO interviewed: production will pick up nicely over the next couple of qtrs - chemical business very profitable (but last year was better) - Cramer says it's an oppty to buy with stock down after the qtr & oil prices higher
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