"Buy and hold has completely failed here," said Jim Cramer on Monday's "Stop Trading!" segment of CNBC's Street Signs. "It's a total traders' market."
He was pleased to learn that Tiger Management's Julian Robertson was finding some opportunity in the market. "He actually likes some stocks!" Cramer said.
One stock Robertson, earlier in an interview with
host Erin Burnett, said he was buying was
, which Cramer was happy to hear. "I've been liking Apple all the way down and recommended it again on Friday," Cramer said. "I've been telling people to buy Apple for three years."
Another Robertson pick was
, which Cramer called "a cheap stock." Cramer said: "Microsoft shouldn't be that cheap, given the fact that it's got a powerful franchise and how they dodged the bullet with
, Cramer said he was interested to hear what Robertson thought of that stock. "I'm humbled by the action in Goldman Sachs," Cramer said, "but I haven't given up on it yet."
At the time of publication, Cramer was long Goldman Sachs.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.