Contrary Cramer Buy Call ?

Monday, October 06, 2008 | 11:30 AM

Cramer_contrary_bottom

>

As I have said in the past, I don't like to harp on any one person. I also don't want to be a Cramer stalker. But DAMN if that headline doesn't smell like a giant buy signal.

The market down 30%, the VIX spiking to 56, and Cramer giving a panicky SELL on TV this morning. We have a 9,500 downside target, and the likelihood of an emergency action makes us want to get long -- at least for a trade . . .

We are putting a toe in the water here.

Update: October 7, 2008 1:25pm

Doh! Stopped out!


Source:
Jim Cramer: Time to get out of the stock market
Michael Inbar
TODAYShow.com, October 6, 2008
http://www.msnbc.msn.com/id/27045699/

Click here for video

Monday, October 06, 2008 | 11:30 AM | Permalink | Comments (137) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef010535524b5e970b

Listed below are links to weblogs that reference Contrary Cramer Buy Call ?:

Comments

Poor, poor Cramer. He gets everything wrong. What happened to his call that we had seen the bottom a few months ago?

Posted by: Myr | Oct 6, 2008 11:32:53 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner