The New Game Plan
Cramer said that after the market's worst-ever weekly drop it's "time to change our incredibly negative bias," as stocks are no longer in endless sell mode. For Cramer it's time to "rent" some stocks, with a look at owning longer term if the market again approaches the lows seen on Friday. Cramer believes the market will chase those lows since the market rarely bottoms on a Friday, and the snapback by stocks was "too far, too fast."
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
Oil *
76.70
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|
UP
1.21
|
DOWN
2.73
|
DOWN
4.74
|
DOWN
0.35
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10 Yr
3.45%
SPDR Gold
113.11
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|
+0.01%
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-0.25%
|
-0.22%
|
-1.00%
|
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