Stocks are probably going to tread water for a while, but with money market yields close to zero, fundamentally most dividend paying stocks are cheap. I'm long until interest rates start to rise.
Cramer has done damage to everyone's portfolio thanks to his raise cash recommendations after the market has already tanked. If you follow his other recommendations like buying Russian stocks you realize he is right about half the time. He also conveniently forgets his bad picks and touts the ones that were right. But on the overall economic problems he's been right on.
Dow 30 Overbought / Oversold Edition [View article]
Clueless - Cramer's Mad Money (10/8/08) [View article]