Jim Cramer's Best Blogs

The out-and-out pointlessness of this seems to be totally lost among viewers and readers. Tech is simply not a place to make money.

But nobody believes it.

The height of strangeness in a strange and bizarre market.

Random musings: This Baltic Freight Index is still signaling world downturn and is pretty much going down in a straight line. China is nowhere to be seen.

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

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Don't Close the Door on a Recovery

Originally published on Friday, Oct. 3, at 10:24 a.m. EDT

Worried. Worried for the first time about being too negative. We just got an unassisted bid for Wachovia(WB Quote) that showed that the FDIC rushed to judgment and that things weren't so bad. We are getting the bill that could at least change the landscape of mortgages. We are going to get worldwide interest rate cuts. We have many stocks down below their values, even as earnings estimates are coming down, because of hedge-fund strategies that are pushing down the good with the bad.

We have many flush companies that are ready to put money to work if the CEOs feel better about the environment. We have a new president coming. And we have Doug Kass pointing out that everyone is negative as he wants to rent longs.

One thing is for certain: Things are awful. That's why the VIX is off the charts, and the new lows are incredible, and the mistrust is the worst I have ever seen.

But what happens if China comes back? What happens if Wells Fargo(WFC Quote)/JPMorgan Chase(JPM Quote)/U.S. Bancorp(USB Quote)/Bank of America(BAC Quote) can loan? What happens if we are caught short and negative on everything?