This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Best Blogs

Of course, we have some worse earnings report than we knew we had last week. We have a further decline in the Baltic Dry Index continuing to fall at an incredible rate -- hence why the cyclicals have no traction. We have commodities continuing to plummet, all signs of a severe recession.

But if you are buying now, you have to be thinking that at some point within the next year these companies will be in better shape, because the industrial economy will begin to reflect some of the money that's endlessly being pumped into the system.

It is simply a better time to buy than when we hit these levels last time.

Oh, and I am not going back from when I said at Dow 11,000 on Sept. 19 that you should sell 20%, or from last Monday's call that if you need the money for the next five years, you should make sales.

I am simply saying that we are getting closer to where we were when we bounced, and we can't be as scared as we were last time, because the European bank plan will make the recession deep but not endless.

Pick, as I am, at the stocks that are about at the panic low levels.

And then wait for more panic lows. If we don't get 'em, we pass on more buys.

At the time of publication, Cramer was long Chevron, Freeport-McMoRan, Goldman Sachs and Morgan Stanley.


The Blue-Chip Market Is Over

Originally published on Friday, Oct. 13, at 2:43 p.m. EDT

Does the market work? Is it worthwhile as a way to make money? Can it be counted on to do what it used to do, which is create wealth by investing in good companies and holding them over time?

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CAT $83.28 0.00%
GS $197.35 0.00%
MCD $94.88 0.00%
MS $36.75 0.00%
XOM $86.93 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs