This Market Isn't Such a Hot Offer

You know what would make me feel better about this market? If I heard one, just one, portfolio manager come on TV. and say, "This isn't a great opportunity, and you should wait until prices go lower, maybe much lower, to take action."

I think the vast majority of managers who come on TV love this market. They love it even though it is entirely a one-step-forward, one-and-a-half-steps backward tape where you get a half-hearted recovery in a stock and then a smackdown.

I know that some stocks seem like they have definitely bottomed and don't want to give up the big gains -- stocks like Nucor (NUE - commentary - Cramer's Take) and Caterpillar (CAT - commentary - Cramer's Take) and U.S. Steel (X - commentary - Cramer's Take). But we are at a level right now where it seems that you will get hammered if you get aggressive. On a given day, we are getting a moment where stocks plummet, and that's worth taking advantage of, provided you blow out when they rally, as is the case even today!

Take Apple (AAPL - commentary - Cramer's Take). Last week, all we heard was how good it hung in despite the Steve Jobs pullout of Macworld. Then you come in yesterday, and the stock gets slaughtered. Weren't all the sellers finished when they heard about Macworld? Nope.

This morning I was excited to see PPG Industries (PPG - commentary - Cramer's Take) open up nicely after its terrible preannouncement last night. Until it started to give up the ghost as sellers materialized. FedEx (FDX - commentary - Cramer's Take) is another one like that. Well off its lows, but whenever it recovers a couple of points it gives up a couple of points. Totally discouraging.

Or Bank of America (BAC - commentary - Cramer's Take). This one can open up well, as it did today, and then just give up the ghost, sucking everyone in.

Was there a soul who didn't know that Textron (TXT - commentary - Cramer's Take) was in trouble with those small plane, helicopter and finance businesses. But sellers materialized there, too, on the obvious.

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Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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