Cramer Is Bullish On Goldman Sachs (GS)

On CNBC's "Stop Trading, Listen To Cramer!", Jim Cramer said that this is a great time to be long Goldman Sachs GS. He added that this investment bank will have a huge quarter, and a lot of trends are going in the right direction for Goldman (GS). Cramer used to work at Goldman Sachs (GS), and he knows that Goldman makes a lot of money on fixed income. Most of people see Goldman Sachs (GS) as an equity shop, but it has a great fixed income desk. Volatile bonds market and choppy EUR/USD rates work well for Goldman (GS), explained Cramer. He bases his optimism on Goldman's (GS) ability to profit when bonds are volatile. Cramer thinks that bonds market will stay volatile, because rates are going up, and people have to hedge. Cramer doesn't understand analysts who are negative on Goldman Sachs (GS). He said that they are wrong when they say that Goldman (GS) doesn't get a lot of M&A activity. Mr. Cramer thinks that this stock will reach its old highs, and he believes that P/E multiple is just ridiculously cheap. Goldman Sachs (GS) gained 1.23% on Monday, and it closed at $166.05.