Why Jim Cramer Won’t Buy Foreign Stocks Right Now

Jim Cramer says he won’t buy foreign stocks right now because “you may make money on the actual stock performance, but you’ll lose it in the currency [conversion].” “Even if you own a stock, say, in Britain and it’s hitting the ballout the park — I mean, [we’ve had] 12 straight days of Britain being up — you’re going to lose on a currency translation,” Cramer said Wednesday in a conference call with members of his Action Alerts PLUS investment club.