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Nov.28
3:22 PM ET
Wednesday, 28 Nov 2007
Stop Trading!: Don't Sell the Rally
Posted By:Carlo Dellaverson
Topics:Federal Reserve | Stock Picks | Stock Market
 |
Wednesday’s rally is a “glass half-full situation,” Cramer said on Stop Trading!.
It appears that the Fed is finally listening to Wall Street’s rate-cut clamor as evidenced by Fed Vice Chairman Donald Kohn’s remarks, Cramer said. If that’s the case, and another cut is on the way, it’s time for a shift in strategy.
Cramer had been recommending investors sell into rallies in the recent volatility, but this time he’d be reluctant to start selling. “This market feels different,” he said. If there’s another late day sell-off, he would buy into it this time.
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