"The market is showing you something" said Jim Cramer when he appeared on
This morning all the indices opened up in the negative territory and lasted that way for most of the day. But recently the markets turned around and are up. "This is a market where all hope has been given up, people are getting the feeling of 'I'm done,'" Cramer said describing the market sentiment. He also stated that if you told him this morning that the markets would be up at 2:45 p.m., he would not have believed it. But the market is in positive territory and he gave a list of stocks trading strongly today.
was up 7% after being upgraded to overweight by
was up sharply by 26% for announcing it will sell its manufactured-housing portfolio and home-lending unit. He also mentioned how
Research In Motion
were both up about 5%. He said the market is "showing you something" and that "I'm liking
the market here."
At the time of publication, Cramer was long Morgan Stanley.
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