Shorts Didn't Work

I could have seen coming in today short BHP (BHP - commentary - Cramer's Take), who needs another mineral play if China is slowing. It made so much sense to be short Yahoo! (YHOO - commentary - Cramer's Take): they could never make the numbers. How much sense did it make to be short Indymac (IMB - commentary - Cramer's Take) -- with that horrible balance sheet, weren't they finished? How about being short the rails in a huge slowdown? I mean, Union Pacific (UNP - commentary - Cramer's Take) preannounced to the downside, didn't it?

Ambac's (ABK - commentary - Cramer's Take) finished ... oops, maybe it isn't. So much for the Citigroup (C - commentary - Cramer's Take) and Merrill (MER - commentary - Cramer's Take) shorts that were based on a ABK collapse. J.C. Penney's (JCP - commentary - Cramer's Take) up too much, what a great short? No thanks, Carl Icahn. And Carl on Motorola (MOT - commentary - Cramer's Take), too! That was another good short. How about shorting coal off that Consol (CNX - commentary - Cramer's Take) quarter?

But none of these worked. None.

Even when the employment number was so weak that a recession is now baked in.

And the pushing-on-a-string crowd is now using the string to hang themselves.

I hope everyone stores this moment away, because we had such a horrid January and so many people got blown out. This is why you stay in the game. This right now.

At the time of publication, Cramer was long Citigroup.

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