Cramer's Stop Trading! The Correction Is Coming (9/24/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Thursday September 24.

Nordic American (NAT), Statoil (STO), Apple (AAPL), Visa (V), Google (GOOG),

Cramer said Tiger Management Chairman Julian Robertson has so much influence on the markets that "you've got to listen, and if your viewpoint is way away from his, you've got to recalibrate. Because he is that good."

Cramer recommended Nordic American Tanker, which is a "conservative company, in a conservative country with the best balance sheet in the shipping industry." Cramer also likes Statoil, which is the oil company of growth in Europe.

Based on the action in the last half-hour of trading, Cramer told viewers to get ready for a correction and while he doesn't recommend selling current holdings, there isn't a compelling reason to buy stocks. However, when it is time to buy again, Cramer agreed with Roberston's bullish call on Apple, his call on Visa on the trend from paper to plastic and Google.

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Comments

[gebby:]

julian robertson, as good as he is, was recommending only shorts last april. if you think a correction is coming you sell stocks. crammer wants it both ways. hold longs. so he is long going into a correction.

Sep 25 09:20 AM

[W.K.BROWN:]

ya typical double speak...

Sep 25 11:11 AM

[nerho:]

Who cares what the hell Cramer thinks?????

Sep 25 11:13 AM

[Ariu:]

His majesty Cramer is all talk and trying to cover the bases (be long and wait for the correction). If the correction it is comming than you ought to sell some of your positions, if not all. I already sold all my positions on BP at $55 and will wait for it's price to go under $50.

Sep 25 12:17 PM

[Ariu:]

Buy KSP for your IRA not NAT! Under $20.00 it is a golden opportunity.

Sep 25 12:20 PM

[OneRichOne:]

KISSA: I kinda think that website is phony. If all those banks are going under, this country is in much bigger trouble than most think. I do know that bailouts by printing more money is not best for anyone. I watch the Dollar drop every day. Pretty soon it won't be worth the paper its printed on.

Sep 25 02:06 PM

[Ralph Hunkey:]

The last time I took Cramer's advise, I lost my A__......I can guess just as good as he can.......Take a hike,Cramer

Sep 25 03:43 PM

[ebworthen:]

Julian Robertson = Good

Jim Cramer = Caffeine coated Xanax tablet

Sep 25 06:37 PM

[Vuke:]

Ralph:

That's the idea. The market exists to take money from you, not give it. If you listen to what they tell you might as well sink your money into a bridge.

On Sep 25 03:43 PM Ralph Hunkey wrote:
> The last time I took Cramer's advise, I lost my A_...

Sep 25 06:45 PM

[Cramer #1:]

Given Altria's strong year-to-date EPS performance, we are raising our 2009 full year guidance for adjusted diluted EPS to a range of $1.72 to $1.77, representing a growth rate of 4% to7%.

On Altria Cramer is right....cheap great yield....and growth of EPS in 2009...Imagine...LOL

Sep 25 10:09 PM

[Cramer #1:]

How to Play the Weakness By Jim Cramer: Altria (MO) 7.8% dividend

By Jim Cramer


Ugly day. Ugly night. The time to be defensive is here. Especially
because the selling is indiscriminant among the leaders: oil because
of the futures, banks because of home-sale chatter, and tech because
of Research In Motion's disappointment and TheStreet.com's scoop
about
Verizon not supporting the Pre by Palm. I think you let things come
in
3% to 5% and use the initial weakness to buy the defensives, as the
market has collectively decided that copper and oil tell all and that
we are going back into hard times. Remember, I don't believe it, but
that doesn't matter for now. I have been picking at Altria for Action
Alerts PLUS, if you want to know how I am playing it. As for the
mobile Internet tsunami, down 3%-5% should get you into some of the
ones I have repeatedly told you I like: Apple, Skyworks, Cypress,
Qualcomm and...Altria


Altria also is:owner of 27.37% of SAB Miller


Altria Relationship Agreement
Altria Group, Inc ("Altria") is the largest single shareholder in
SABMiller plc,
holding approximately 27.37% of the issued share capital of SABMiller
plc,
excluding treasury shares, as at 30 June 2009. Under the terms of
the
Relationship Agreement entered into between Altria and SABMiller as
part of the Miller Brewing Company transaction in 2002, and amended,
with shareholders' approval,
in 2005 as part of the Bavaria transaction, Altria has the right to
nominate up to three representatives for appointment
as non executive directors of SABMiller, subject to the level of its
economic interest in SABMiller, and any disposals of shares in
SABMiller are subject to orderly market arrangements.


This announcement is available on the company website: sabmiller.com

Sep 25 10:10 PM

[Chickenpookie:]

IP - Hey, I'll be watching this one closely Cramer, you'd better be buying the heck out of it after that pump we all witnessed! BTW, what was the PEG on that again? Come on pal, are you really serious?

And what the heck was it you said about NLY? Sounded like your tongue was tied...

If you want to be a clown then why not go all the way by dying your hair green and wearing a big red nose? Then nobody will have to wonder... Maybe this explains something deeper about the GE culture?

Sep 26 03:10 PM

[snagglesnarf:]

I have believed for several months that a correction is due but now that Cramer is calling one, I'm not so sure. This guy has been so consistently wrong at divining the future that one would be better off doing the opposite of what he recommends.

Sep 26 04:43 PM

[SleepyGene:]

Stock market is about minority taking $$ from the majority. If the majority follow Cramer's picks, who will be the winner in the stock market? Somebody got to be the loser, but it won't be the majority! For Sure!

Sep 26 10:41 PM

[Investor_guide:]

As October approaches we can see stocks are losing their momentum. This correction has been long awaited as stocks can't climb forever.

The best way to make money in today’s market is to be on the right side. Buy if it's going up, short if it's going down. But how do we know which side to be on.... and most importantly, when?

There are several tools and software available to help determine what side you should be on before the market gets there.

All buy signals were exhausted towards the end of August. Even though the market reached higher this month, it was never meant to stay there. Buy signals have been decreasing while sell signals have been on the rise. Do expect a sharp decline near mid October.

Here is a helpful tool to help you average your wins and losses.
6bbf50zcnqtl4n0b9orb5w...

Remember; don't bash it until you try it.

Good luck to all.

Sep 27 01:26 AM

[Mpyre...:]

have you ever noticed that cramer looks just like krusty the clown, without the makeup? and thinks like him too. just add orange hair and a red nose and he's good for an episode of the simpsons...

Sep 27 07:55 AM

[Asbytec:]

Crusty the Clown...LOL

Something about taking stock advice from an overactive TV host exciting a TV audience just doesn't sit right with me. You go, John Stewart!

Sep 27 08:38 AM

[trying hard:]

Cramer,
At the end of the week he should give a SCORE CARD on the stocks he recommended in the previous week, with a rating of hold, buy more or sell

Sep 27 10:00 AM

[User 492250:]

Cramer is a joke! Anyone listening to this bozo will loose money.

Sep 27 10:02 AM

[bobbybutte:]

Cramr is just one source of information. As aperson who has made aliving allocating capital i can say that he is neither a buffoon or a genius.He is merely a man who craves attention and im sure that is part of the reason his marriage went sour. Did he make great returns ?Yes. the rules were different then as he readily admits. I like Cramer because he tries to be candid. He just seems to be bi polar and attempts to have opinions on way too many stocks. His conduct is appropriate for agambler not an investor IMO

Sep 27 10:51 AM

[BertNo!:]

Bobby - You're right on that he is just one source of information. I think he does have to be a little bi-polar however since the market is bi-polar with its ups an downs. He also needs to have opinions on a lot of stocks since his viewers follow a lot of different stocks. Imagine how boring the show would be if he only had an opinion on his bread and butter stocks. People have to realize it's television and you get what you pay for as far as stock advise. I use the show to be current on trends then do my own homework.

Sep 27 01:10 PM

[JohnDough454:]

Cramer + Kudlow = Bolivian brain candy bloviation.

Sep 28 06:18 AM

[bcncv:]

Cramer does need to be taken with a grain of salt, if not ignored (depending on the type of info you're looking for).

However, I can't understand why people that hate him so much continue to read his articles and comment on them. Why don't you just go read articles from sources you like?

Sep 28 07:12 PM

[User 410955:]

Anyone view Jon Stewart's interview (lambasting) of Cramer? After Stewart grilled and crucified Cramer about his trading advice and track record, Cramer's bottom line defense: I am in the ENTERTAINMENT business. However, me for one, would not be entertained by watching my investment portfolio get sliced in half. I'll stick with the mundane drones (sans audio and video props....manic button pushing.....theatrics) of Rubini, Weiss, Gross....and a few other un-Hollywood types who's advice and predictions served me well and preserved (even increased !) my portfolio during the "entertaining" meltdown.

Sep 29 04:16 AM

[JAMES CARLINI:]

Cramer - the original Sham-Wow guy for CNBC.

"Cameraman - come in and get a close-up of this (stock)."

He wants you to keep buying stocks. That's what the whole show is about. Learn some basics and keep buying into the market. I don't see him hawking collector cars or antiques or art or other items of value, like rare gems.

What if everyone put their money into something else? A lot of people would be out-of-work. Well, a lot MORE people would be out-of-work in the financial industry.

Put an hour show on everyday on the complex value and diversification of assets of Beanie Babies with Jim Cramer and you will draw a market just from the hype.

Sep 29 09:53 AM