Updated from 7:05 a.m. EDT
Jim Cramer has been pounding the table all week long that Congress must pass the $700 billion bank bailout plan quickly in order to save the U.S. and possibly the entire world from another Great Depression. Cramer has expressed that many people view the plan as a bailout for Wall Street and not Main Street, but he says the alternatives to the plan are far worse.
Cramer: Dow's Most Bearish Scenario
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No matter who is to blame for the
, Cramer is ready to help his viewers
off the right stocks and sectors that will benefit if the plan passes or if it is rejected by Congress.
Recently, Cramer found opportunity in four stocks that could benefit from the bailout plan, such as
; retail stocks that should be sold, such as
; and stocks the two major camps on Wall Street are playing, including
. Here are some Cramer highlights from the past week as aggregated from his
TV show, the "Stop Trading!" segment on
blog posts (these blog post links require a
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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