Dip-Buying Pans Out Today

Buyers actually struck back today. Anyone who decided that Clorox (CLX - commentary - Cramer's Take) was worth something and bought that colossally bearish opening cleaned up because Clorox did not blow up.

This company, as I said earlier, should not be only $6 billion in market cap. I believe the brand equity alone is worth hundreds of millions of dollars. The company makes a lot of money, it doesn't lose it. And it could always be bought by any company in Europe with that strong currency.

How about Wachovia (WB - commentary - Cramer's Take), which was being pushed down endlessly but then ran into a strong statement of net worth and pushed its way back, although not all the way back? Morgan Stanley (MS - commentary - Cramer's Take) turned around, and so did Goldman (GS - commentary - Cramer's Take). It matters.

How about people who made money buying Sprint (S - commentary - Cramer's Take)? There's some short fear there today.

I know, needles in the haystack. But you have to say that almost no time in this market has it made you money to buy the dip other than in oil and gas.

This time it was different. If at least for a day.

At the time of publication, Cramer was long Goldman.

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