RECENT POSTS
- Don’t Trust Buybacks
- Buying the Right Sell-Off Stocks
- Buy Broken Stocks, Not Broken Companies
- The Biggest Market Myth There Is?
- The Key to a Successful Turnaround
- Lightning Round: Corning, Visa, NYSE Euronext and More
- Cramer’s 3 Stocks to Avoid
- Cramer: Play Defense with B&G Foods
- Cramer: Chico’s Proves Ailing Retailers Can Make a Comeback
- Cramer's Advice for the SEC
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
Stop Trading: A "Horrible Market"
 |
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 [HD
Loading...
()
] and Hewlett-Packard's [HPQ
Loading...
()
] 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 [LOW
Loading...
()
] and Sears [SHLD
Loading...
()
], two large retailers that are good indicators of the sector.
As he has in the past few days when asked about oil, Cramer points to ExxonMobil [XOM
Loading...
()
] as his "tell" for the industry. He admits he was wrong earlier when predicting a bottom, saying it turned out the "stocks were right ... and beat the hell" out of him. Looking at Exxon now, Cramer points out that it has stopped going down, which may be a strong indication.
Jim Cramer's charitable trust owns Hewlett-Packard (HPQ).
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes
