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:

• China's growth engine,
• a backdoor natural gas play, and
• what's working now.

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

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Take a Deep Breath, and Look to the East
Posted at 2:09 p.m., Feb. 10, 2009

It's pure chaos out there, as we come to grips with the non-plan of Tim Geithner and the knowledge that we are now stuck with a crummy economy and a frozen bank system that doesn't have any private capital and isn't about to get any, because while the government may want to extend credit, extend funding to private equity and hedge funds, without the terms, who cares?

Nonetheless, there is opportunity here. Look at what makes money in China or what makes money in a serious recession, or at least can show some resistance.

Today's a day where the futures are taking everything down.

Tomorrow will be a day when we realize, "Wait a second, we sold everything, the good with the bad -- the Goldmans (GS Quote) with the Bank of Americas (BAC Quote), the Chevrons (CVX Quote) with the Principal Financial Groups (PFG Quote), the Burlington Northerns (BNI Quote) with the SunTrusts (STI Quote) -- and it makes no sense whatsoever."

Give it a day. Let the smoke clear and remember that the world revolves around China, not us.

And China's got a lot of room to cut and take us higher once we "get over" the Geithner non-plan.

At the time of publication, Cramer was long Goldman Sachs.