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It is a confusing moment when the market is boxing with shadows. All financials are vulnerable, because the government has said, basically, if you want to fall under voluntary restrictions, you better raise equity and get out from under.
The public option is back on board, thanks to Harry Reid, so the notion that health care is finished and that Washington can focus on creating jobs is now a total pipe dream. More pain for UnitedHealth Group (UNH - commentary - Trade Now), WellPoint (WLP - commentary - Trade Now) and Humana (HUM - commentary - Trade Now). The oils can't go up when the dollar is strong because of the obvious nature of selling the oil-related ETFs (we are doing some fab ETF coverage via Don Dion if you want to understand the linkage). Schlumberger (SLB - commentary - Trade Now) single-handedly wrecked the driller rally with its horrid comments, and National Oilwell Varco (NOV - commentary - Trade Now) isn't helping. And the housing plays seem so sporadic, with Whirlpool (WHR - commentary - Trade Now), the strongest stock in my book, being followed only by Masco (MAS - commentary - Trade Now) and Leggett & Platt (LEG - commentary - Trade Now). So let's put it all together. This is now a short-seller's paradise for the moment. Washington is against us. Oil is against us. Tech? Broadcom (BRCM - commentary - Trade Now) is actually trumping everything including Microsoft (MSFT - commentary - Trade Now), and that is part of the misery here today; What can save the bulls? End-of-the-month markup, which should start at the end of the day tomorrow. So sell some here if you have to of the groups getting rolled, but remember we will no longer be overbought and we will be in the reach of the safety of markup land in fewer than 24 hours. At the time of publication, Cramer was long BAC and WFC. Special note from Jim: You can learn my time-tested ways to trade smart, even in this market. All my latest thinking is in my brand new book, Getting Back to Even, which I'll send to you as part of a special promotion when you sign up for my ActionAlertsPlus.com service for a limited time. So if you sign up now, you'll get to see how I'm playing these stocks in my portfolio today, plus, I'll teach you how you can play these stocks to help your portfolio get back to even.
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. TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com. Brokerage Partners
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