Skip to main content

"This is really a Franklin Delano Roosevelt moment," Jim Cramer said on Wednesday's "Stop Trading!" segment on CNBC. "We're only fearing fear itself."

He encouraged viewers to consider several potential factors that could be positive influences on the market, including the coordination of worldwide interest cuts, huge Chinese stimulus plans, a waiving of the private equity rules and the


waving of rules on buybacks.

"I am only trying to bring out things that could go right, because I've heard all day what could go wrong," he said.

Cramer, who owns

Goldman Sachs



Morgan Stanley


for his

Action Alerts PLUS

charitable trust, stood behind the two financial companies. "I tell you that September calls on these positions will be rewarded for very little capital," he said.

At the time of publication, Cramer was long Goldman Sachs and Morgan Stanley.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

clicking here. 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