This Day On The Street
Continue to site
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

Cramer: When All Is Lost -- It's Not

Plus, I think the chartists are playing a huge role here. We have seen some serious breakdowns that imply, for example, that a United Technologies (UTX - Get Report), which traded at $120 not that long ago, could easily go to the mid-$90s. A 25% decline is of some magnitude for a company that missed its quarter. UTX simply didn't have as good a quarter as we thought.

So, keep in mind when all is lost that it's not. Keep in mind that Vladimir Putin wants the Ukraine back, but, perhaps at a certain point, he settles for some hegemony and the Western allies realize that perhaps the guys they are backing aren't the pristine good guys that they are portrayed as.

Also, as much as it sounds callous to say, if Ukraine gets taken over forcefully by Russia and there is a coup, there's not much anyone can do about it anyway unless you want to start a hot war. All of this other stuff just says to the Western European politicians, "We are going to lose our jobs because of some godforsaken area that was never ours to begin with, maybe this is our Vietnam or our Iraq and we aren't going to go with President Obama into the abyss because he has nothing to lose and is just another American warmonger except of the Democrat variety."

I remain cautious, but less cautious when I see so many stocks down huge. We are losing the people who got in and don't know what it means to lose money.

Until they lost enough of it, the selling will continue. It will be truly safe to buy when another generation of complacent buyers -- the ones who paid up for stocks and now hate them -- gets blown away. Heartless but true. 

At the time of publication, the author was long GM and UTX, although positions may change at any time.

Editor's Note: This article was originally published at 8:38 a.m. EDT on Real Money on Aug. 1.

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs