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These columns from Jim Cramer originally appeared on RealMoney on Friday, June 27. They are being republished here as a bonus for readers of TheStreet.com.
The Way Ahead Is Down
Sell everything. Nothing's working. Revisit when the prices are adjusted for a big recession, soaring inflation and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: Short it.
Are you going to argue with any of that? Do you have a case against it? What's the counter? Takeovers? We've had a couple: Anheuser-Busch, Wrigley. Good if you owned them. ...
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