GO
Loading...

Stop Trading!: Market Is Headed Lower

Wednesday, 14 Jan 2009 | 4:18 PM ET

The market is headed lower, Cramer said during Wednesday’s Stop Trading!

Right now investors are driven by fear of financials like JPMorgan Chase and Citigroup , as well as the collapse oil and gas prices, which have hurt stocks like Exxon Mobil and BP .

Stop Trading!
Mad Money host Jim Cramer discusses the markets with CNBC's Erin Burnett

Transportation is a part of this downward trend. With negative reports from the coals, autos and other key products that rails like CSX and Union Pacific carry, it’s no wonder this group is struggling. But this is not a buying opportunity, Cramer said. These transports are still dominated by hedge funds and none offer dividends, a great protection in this volatile market.

Cramer does like NYSE Euronext , though. Trading volume and a resurgence in IPOs are only a matter of time, he said, and NYX does pay a good-yielding dividend.

Lastly, it looks like embattled money manager Bernard Madoff “still gets to live like a king,” Cramer said, instead of being sent to jail. Watch the video for Cramer’s latest rant about the man at the center of what’s being called the largest Ponzi scheme in history.

Join Cramer live in the studio for Mad Money: The State of Cramerica, a special town hall-style show on Wednesday, Jan. 21. Get your free tickets here!



Jim's charitable trust owns BP and JPMorgan Chase.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
BP.
---
C
---
CSGN
---
JPM MLP ETN
---
UNP
---
NYX
---
XOM
---

Featured

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.