I feel better. Now I hope people selling stocks also feel better so they stop selling, so we can get higher prices, so I can sell.
There.
I think everyone agrees with me.
There.
Most important, I hope that everyone who is selling banks or shorting banks takes a bank holiday so we can get through this period.
There.
OK, now, let's speak truth. None of that is likely to happen. There is too much money to be made continuing to try to break the banks. There are so many crummy earnings reports out there -- like the Radio Shack (NYSE: RSH) (Cramer's Take) and Foster Wheeler (NASDAQ: FWLT) (Cramer's Take) and Office Depot (NYSE: ODP) (Cramer's Take) reports -- that we really can't believe anything good is happening.
The only thing that was good, really good yesterday, was that gold went down.
Everything else was same old, same old.
I was thrilled that Obama seemed less gloomy. That's great.
I like that Sheila Bair is doing a show with me and Erin Burnett today, and that could be great.
But without Tim Geithner telling us what is going to be taken away and what is kept, who shall live and who shall die, and what form of capital matters, then you have to start selling today.
Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long Foster Wheeler.
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Reader Comments (Page 1 of 1)
2-25-2009 @ 4:54PM
beachpaul said...
You needed Geithner to startle you to sell? You must be a trip in church, Cramer? Is that where you have these epiphanies? Everyone sold, or should have, the last time it hit 9'000. On the contrary, if it slips into the six's, it is time to buy, especially if you are in your late forties, early fifties.