This column was originally published on RealMoney on Nov. 22 at 11:01 a.m. ET. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
If you believe the market is going to let you in, don't expect it to be from this day. I have always felt that this was a day where if you bought anything that was down, it wouldn't stay down long, and if you bought anything that was up, you could make even more money.
What do I mean? Normally, I wouldn't suggest buying the
New York Stock Exchange
up $4 or
up $1 and change or
up $5. But these are thin days.
The buyers are motivated, the sellers non-existent. Consider this almost an after-hours session. No stock will materialize as we get closer to the end of the day -- everyone's going to Thanksgiving destinations -- so with the sellers out of the picture, the longs get moving.
Of course, you could do nothing. But I keep telling you,
this market isn't going to let you in.
You could pick something that's down today and bet it will be up next week. For example, I simply don't believe the drug companies can stay down here much longer.
But because of the way I expect things there to play out, I think it actually will be better to pay up for what's working than to bet that something that isn't working will. There's just too much money pouring into a
or a New York Stock Exchange or a Goldman or a Sears, and it feels like the only sellers are short-sellers.
That's a recipe for much higher prices.
Mark your calendar -- I've lined up two book-signing events for
Jim Cramer's Mad Money: Watch TV, Get Rich
and I want to see you there! On Monday, Dec. 4, come to the
Barnes & Noble
in Clifton, N.J. (395 Route 3 East) at 7:30 p.m. EST for some one-on-one with me. If you can't make that, I'll be in Borders Books and Music (290 Commons Way) of Bridgewater, N.J., just two nights later, Wednesday, Dec. 6, at 7 p.m. EST.
At the time of publication, Cramer was long Goldman Sachs and Sears Holdings.
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
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