New York -- Jim Cramer told viewers of his "Mad Money" US TV show on 17 Nov that while markets were essentially flat, he found the next big investment idea in New York Times -- as reported be Scott Rutt in www.thestreet.com.
The NY Times article highlighted a stimulus plan proposed by former president Bill Clinton for home weatherisation incentives, named "Cash For Caulkers."
According to Rutt's story, Cramer said the plan, if passed, could be a huge windfall.
He said the obvious choices for who would benefit from making homes more energy efficient would include insulation suppliers such as Owens Corning and DIY retailer Home Depot.
But Cramer failed to mention the many spray foam companies and polyurethane insulation providers, who are already seeing rapidly rising demand and are also likely to gain business as a result of the programme.
Cramer advised investors not to wait until cash for caulkers is enacted, but to invest now.