Jim Cramer told the viewers of his "Mad Money" TV show Monday that he's struggling to figure out exactly what changed over the weekend to cause today's big market selloff. He said while there was some bad news today, the risk model still points to a bull market.
Tainted by TARP"We trust very few bank stocks," Cramer told viewers. That's why when he wanted to know how things were going at International Bancshares ( IBOC), he went right to the source, Dennis Nixon, IBC's president, chairman and CEO.
False ComparisonWhile the doomsayers may have returned after today's market decline, Cramer reminded viewers that just because people say we're following in the footsteps of the Great Depression, doesn't make it true.
Mad MailCramer told a viewer that he still feels gold should be a part of every investor's portfolio. He said he's still a fan of both Agnico-Eagle Mines ( AEM) and Eldorado Gold ( EGO), as well as the SPDR Gold Shares ( GLD) below $90 a share.