goingbankrupt

Cramer's Mad Money- How to Invest in a Bear Market (11/25/08)

What pap!

1) First, the worst should have already happened.
How do you know something worse isn't about to happen? You don't.

2) Second, there should be complete capitulation.
Complete capitulation would mean there are zero buyers in the market.
That won't happen. So how do you know when capitulation is complete
enough? You can't.

3) Third, all the buyers should have become sellers to the point where there is nothing left to sell.
That won't happen either. If someone is selling, someone else has to be buying. Duh.

Great Advice. He's basically saying the market will keep on going down until it starts going up.