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Jim Cramer fills his blog on


every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

  • some good news for once;
  • the key stock here; and
  • long-lasting aftershocks.

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Good News for Once

Originally published on Tuesday, Oct. 28, at 6:58 a.m. EDT

There's some genuine good news out there. First, the worst-acting groups and countries from yesterday -- the insurers and Hong Kong -- got some good news. The insurers are participating in the federal bailout, something that is needed to protect the value of annuities that are hopelessly underwater; and Hong Kong rallied more than it fell, which seems like total manipulation to me, but who the heck cares if you are a bull.

Second, the


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strike might end soon, and just in time for a lot of quarters, something that a

United Technologies

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and a


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need to have happen to save their quarters. Those two fine stocks are an easy trade off this news but will presumably open up huge because of the ridiculous futures action.

As per usual, the hedge funds that most need this lift to get in shape won't take it. They can't afford to leave the market because it is their only way to get the performance back that they need so badly to keep some of the money under management.

My take is that the hedge funds, those that need redemption monies, will let it ride, which will then put no damper on the relief rally. Given the precipitous decline at the end of the day, right now we would be (like Hong Kong) rallying back to even, which will cause a whole new round of chatter that we are at last out of the woods. The people who give you this chatter never thought we were


the woods.

They are worthless. I believe much of this buying is desperate, a solid attempt to mark things up on the fourth-to-last day of the quarter, a move that should last to

at least

midday tomorrow before giving in to some more body slams later in the week.

At the time of publication, Cramer had no positions in the stocks mentioned.

Apple Remains the Key

Originally published on Wednesday, Oct. 29, at 11:16 a.m. EDT


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truly is the only tell you need. It is irking to everyone else and everything else, but if you are short, Apple must -- simply


-- be stopped. It is the perfect security to measure things because it allows so many other stocks to go up if it goes up.

Conversely, it is a nightmare when the stock goes down, because if it can go down, what else can go down?

We are now in a territory where if Apple goes to $110, we have to ask ourselves whether we can go up another 2% or 3% without skipping a beat.

I want to emphasize that Apple may be the


play that has a whole cohort that is coming into its own using the product, other than


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If you go over the fabulous article by David Carr today in

The New York Times

where he talks about the way people read newspapers these days -- online -- you have to recognize that such consumption is going to be across the board. We are going to read content on an Apple, create content on an Apple, listen to and watch content on an Apple, and make calls and access the Internet on Apple.

It is the only generational game in town -- which, again, makes it a fabulous tell and

the stock to break

if the bears want to get back in the game.

At the time of publication, Cramer had no positions in the stocks mentioned.

Fannie, Freddie and Lehman Still Shake Us

Originally published on Thursday, Oct. 30, at 1:20 p.m. EDT

Now that the


and Treasury are on the case, it is worth considering that the






preferred non-bailout and the


disaster have


stopped rippling through the system. So much of the TARP program is going to be used to stem the losses that banks and insurers took on the FNM/FRE preferreds and on Lehman. So much.

That's what's going on with

Hartford Financial

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, one of those companies that had disclosed that it would be hit from these. HIG just reported a monster loss, putting these annuity companies right back on the hot seat. They took an almost billion-dollar accounting charge on the annuities, which would seem to imply that they need more money to make good on their pension obligations.

If I were a bear, I would take this thing down in an uncoordinated bear raid with others to where it needs to be nationalized because it can't raise cash. That's a worthy goal, but I am sure the newfound avoid-another-Lehman bunch at the Fed/Treasury would pull an


and get it right again. Not good for the common, though.

Like, real bad.

Random musings



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situation sounds a little better than HIG's, but this death benefit variable annuity business is killing them, so to speak, and they are betting that 2009 will be much better, which is dicey.

At the time of publication, Cramer had no positions in the stocks mentioned.

Jim Cramer is co-founder and chairman 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

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