This week, the market is going to resemble Donkey Kong, where, like Mario, players will be jumping over barrels and avoiding getting burned in this gauntlet-like market, Jim Cramer said on his
"RealMoney" radio show Monday.
is slated to give three speeches this week, and there is a possibility that they will make the market even more difficult to deal with.
Every time the market goes down significantly you can do a little buying, but be cautious during a market rally, Cramer said. If you are not a trader, wait until the market is down a 100 and then buy a little.
Better days will come, he said.
Right now, the big television and media companies are embracing the Web, looking at podcasts and enabling access to archived shows.
"As innovative as these movements are, my view is that it's nonsense," Cramer said. "Here's why: the economics of the Web, for these companies just isn't there."
Advertising that comes from one TV show run is equal to weeks of advertising for the Web, he said. In addition, newspapers get more money from front-page ads compared with anything the Web can bring in.
"Unless you are an Internet company yourself, you can't make a go of it," Cramer said. Old media should stick to what it knows, otherwise it could face shrinking margins and ultimately lower share prices."
The financial analyst constitutes a piece that goes into making a wise investment decision, Cramer said.
Analysts cover a number of companies and then offer their opinion. They are often drivers of what moves stocks, he said.
Jason Bazinet, an analyst that works at Citigroup, is an example of a good analyst. He told market players to buy
when everybody was looking away from it.
But Cobb Sadler, an analyst at Deutsche Bank Securities made a bad move by recommending
( TLAB), Cramer said.
Cramer told a listener who had written a letter to him that market players will not have a tradeable moment unless the Fed pauses and won't have an investable moment unless it is finished raising rates.
"We don't have to have the Fed come out and say it's finished raising rates, they just have to say they're pausing" Cramer said. "That's all we need."
Until that happens, Cramer reiterated selling stocks when they are high, and buying them when they are low.
No Bears Here
Cramer told a caller that he is refusing to declare a bear market right now.
On a conference call on Monday, the chairman of
( LEH) said that we are at or near end of the
tightening, Cramer said.
"The Lehman Brothers chairman is saying we're almost done, and I'm saying we're almost done," he said, estimating the Fed will finish raising rates in six to 18 months.
Cramer told anothre caller that although
has so much going for it, it has been down day after day.
"It's a speculative stock that I should have added my speculative stocks index," Cramer said.
( DNA) as stocks bearing less longer-term risks.
is growing at 11% and has a price-to-earnings multiple of 8, Cramer told a listener.
It is the biggest buyer of natural gas out there, and it's currently at its 52-week low, Cramer said. "It is a buy," he added.
Cramer told a caller he is not letting go of
. The company makes good cars. "General Motors is not dead," he said.
When a caller inquired about the price of gold and
, Cramer said that although the stock may be the absolute long-term winner, it has fallen precipitously.
"I may warm up to it at $20, but at $25 I'm staying away for it," Cramer said.
is a story that is hard to fathom.
It is growing at 8.5% and has six times earnings, but the stock is still down. In this case, you have to recognize problems and try to take a longer-term view, he advised the caller.
Cramer told a caller that it is not safe now to buy
, which he owns for his charitable trust
Action Alerts PLUS, and also advised another caller to stay away from
, calling it a counter-cyclical play and saying that it will come back down.
( FO) a "smoking good business," but recommended that the caller not buy all of it at once, but instead advised buying a little at a time.
At the time of publication, Cramer was long Halliburton.
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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