You know it's been a bad Wall Street session when Cramer starts off his "Stop Trading" segment with the blunt comment, "This is a horrible market." He goes on to list the various factors: insurers, banks, retail and minerals (he didn't even mention the autos!).
He had hoped that the day's early rally, due mostly in part to Home Depot and Hewlett-Packard's better-than-expected numbers, would gain momentum over the day. There was a slight final-hour rally, which put the Dow up 1.83%, but not the big movement Cramer wanted to see.
Turning to retail, Cramer recalls a saying of his father, who has been in that business for years: "Never go into retail." It is an "immensely difficult business" and, when things go bad, becomes a "different animal." Specifically, he discusses Lowe's and Sears, two large retailers that are good indicators of the sector.