Updated from 6:57 a.m. EDT
Jim Cramer says that without the passing of Treasury Secretary Henry Paulson's bailout plan, the market could be in for some serious trouble. He even made the dire prediction that if the plan isn't passed, the
could fall under 8400 in a worst-case scenario.
Cramer doesn't want to see that happen. And he is smart enough and experienced enough to know that when the market is facing too many headwinds, it's best to remain on the sidelines or get defensive.
Cramer will find the bull market that comes out of this uncertain stock market environment. Just make sure you're paying attention so you can know not only where that bull market is but also how to profit from it.
Recently, Cramer found opportunity in stocks that will win if the bailout plan is passed, such as
; stocks linked to hedge funds, such as
; and stocks to avoid due to
labor dispute. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts (these blog post links require a
To find out what Cramer's been recommending,
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Goldman Sachs and National Oilwell Varco for his Action Alerts PLUS charitable trust.)
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;
to send him an email.
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