“Cramer over at NBC told everyone to sell everything as fast as possible.”
WHAT A PUTZ.
But FWIW it is a great buy signal. He was a big tech bull in Feb 2000 at the top.
Cramer is a Democrat. He is probably shilling for Obama.
I think Tuesday will be the bottom/ turnaround day. Waves like this take 3 days.
Buying GE @20, you get $2 in core earnings, PE of 10. Even with a recession in 2009, there will be recovery after and that’s a 40 stock in 2-3 years, or 30%/yr return.
This is one of the best buying opportunities. It is time to BUY BUY BUY. Not SELL SELL SELL.
I agree — seeing Cramer yelling “sell, sell” is a good bottom indication.
The market will finish selling off over the next day or two, and we’re going to start seeing the values picked up here and there.
Still, I’m short until the close - or I see the TICK/TRIN indicate that the selling has selling has exhausted itself.