From Newsmax:

Jim Cramer, host of CNBC's Mad Money, stands by his prediction that housing will begin its rebound July 1.

"This whole mess started with housing, and when we finally get some stability in the housing market, I think things can really start to get much better," Cramer said recently on his show.

"But first that market has to bottom. Last year I predicted that housing would bottom by June 30 of this year."

And what does Cramer think at the moment? "While that call was mocked endlessly... it's now looking more plausible," he says.

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