What a Day to Make Money

AT&T (T - commentary - Cramer's Take) was at $33. Verizon (VZ - commentary - Cramer's Take) was at $35. Schlumberger (SLB - commentary - Cramer's Take) was at $72. Exxon (XOM - commentary - Cramer's Take) was at $77.

Think about that. Think about those prices. Think that someone actually sold those stocks at those levels, perhaps in panic, perhaps because of margin calls.

That's remarkable. And it is a reminder once again that you can't get so discouraged that you miss opportunity. You must always be on your game, must never give up and always be on the lookout.

Because this was the greatest opportunity I have seen to make money in many, many years. Random musings: If the dividends are safe, the stocks are going to be bought. That's what people are saying about all of these banks. If they can pay -- and with rate cuts, they almost all can -- they are being bought.

It makes sense. When the Fed reflates, these banks begin to make money hand over fist.

And that's where we are.

At the time of publication, Cramer had no positions in stocks mentioned.

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim Cramer is a director and co-founder 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.