On today’s STOP TRADING on CNBC, Jim Cramer said he wished it was worse to shakeout more of the weaker longs to create a better bounce and rally.  There was no major panic but at -200 DJIA points there must have been some panic.  Cramer thinks the selling won’t be over entirely until a big subprime company goes under.
Cramer thinks one of the subprime companies could blow up in a few days, but they haven’t shown the financials and they haven’t even started eliminhating dividends yet.  Cramer again was positive on T.Rowe Price (TROW), Ralph Lauren (RL), Coca-Cola (KO).  Cramer likes IAC/Interactive (IACI) for when the smoke clears.