Jim Cramer's Best Blogs

Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

• how to play a nasty market,
• who wins with higher rates, and
• the way ahead.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

---

How to Play a Nasty Market

Originally published on Tuesday, June 24, at 4:12 p.m.

This is a mean market. A nasty one that makes you look really stupid in minutes. I say on TV that Salesforce.com (CRM Quote) is having a good quarter, and before I can even get back to my desk, it is down a dollar and a half from where I talked about it. My friend Guy Adami from "Fast Money," who is REALLY GOOD, says, "Buy some Freeport (FCX Quote), because it is having a terrific quarter and hasn't rolled over," and he is dead right, but then it drops more than 2 points.

It is that kind of nasty market.

No rhyme and no reason.

I wish I could tell you that this was any sort of victory for the bulls after being down really badly, but the endless selling in the momentum names was reminiscent of the forced-down ETF-selling from before this nat gas/ag rally.

I would say it spells trouble, but, alas, who knows whether the trouble is for a day, two days or two hours -- it is that ridiculously mercurial right now.

What to do? If you have something that you know you like -- for instance, I like Trinity (TRN Quote) and am buying it for Action Alerts PLUS -- then use a wider scale. That's what I just decided to do. Instead of buying 500 right here, I am buying a couple of hundred and then stepping away for 2 points.

That way, I let the market help me instead of working against me.

At the time of publication, Cramer was long Trinity and Freeport-McMoRan.