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February 11, 2011

Colombia gets the Jim Cramer treatment

Mr. Mad Money himself dedicated a segment of his show to the “magical land of opportunity” and the “next Brazil” – Colombia.

Tossing bags of coffee in the air and slapping his “moo” button (is that the sound of a bull market?), Jim Cramer said Colombia’s vast oil wealth, booming agriculture sector and stable politics make it an investor’s paradise.

“This is where Brazil was eight to ten years ago,” he said.

The country is on track to see GDP growth upward of five percent over the next two years - outpacing the regional average – and there has been much market chatter that Colombian bonds might be declared investment grade.

If you're looking for a bit of a Cramer antidote, check out this Dow Jones story by Dan Molinski suggesting the heaviest rainfalls in three decades might also have soaked the economy.

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Inside South America is written by Jim Wyss, the South America bureau chief for the Miami Herald and McClatchy Newspapers.

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