MSmailbox

It Could Happen - Cramer's Mad Money (9/26/08)

I have to disagree with Cramer, on the "dire straits." I believe that the fed will loosen, soon... 1/2 point! The deal is in and we are OK, now.

That said, on Friday, I began BUYING, not "SELLING into strength..." Boeing, Morgan Stanley, Freeport-Mac, BHP-Bill and Petrobras, to name a few... I confess that I sold MI, but my performance expectations had been met and I needed capital to invest in the beaten-down basics, which I picked out of the bone yard. Every one of these stocks, I owned at much higher prices, earlier in the year... Nothing has really changed, except that there have been a few bank runs, as people draw their deposits down, in order to buy equities... Maybe, Cramer is using reverse-psychology, or something. Cash may be King, but equities are emperor! I'm not quite ready to do fertilizer or solar, again yet. I look for Monday to be a triple-digit UP day, not only because of this post, but because of The Deal with Congress, as well.