May 14, 2010

Jim Cramer on the success of the IMF-sponsored eurozone bailout

People have to realize the IMF is going to be successful. It's going to save us from the total collapse of all these sovereign bonds. Italy just had a terrific bond auction this morning. Greek and Spanish bonds are trading like they're almost investment-grade. That means the IMF's intervention is working, that's what you look at, not the dollar versus the euro. The euro is going to go down because the IMF is throttling back purchasing power.

~Jim Cramer, "Curb Your Enthusiasm?", Mad Money, May 13th, 2010

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