For the latest Jim Cramer, go to JimCramerPicks.com – Morgan Stanley has said that we are dangerously close to a second recession. But that piece has just sown panic. The notion that we are on the verge of a recession just doesn’t jive with the data we are getting from copper prices, oil prices, Target, or Apple. The CEO of Hudson Valley Bank said that he is seeing things start to come back. Things are slowly getting better. It was been extremely hard to get a mortgage nowadays. The queue is extremely long even for people who have already been approved for a loan.