Cramer discussed the breakdown in the DJIA this morning on his Cramer Confidential. Cramer said the S&P changes may have caused some futures selling that had to come out of the S&P quickly because of BellSouth. The defensive stocks did better than the cyclicals and growth names. Autos were horrible from GM (GM) and Ford (F). Cramer said he doesn’t think the Fed is really worried about inflation, despite all the media reports that the minutes from the Fed say they are worried. He thinks there is a secular change going on in retail. Wal-Mart (WMT) wasn’t great and he still supports Costco (COST). Cramer has many more features today, including his take on Home Depot (HD) again. You can watch the rest at the link here if you want to take 13 minutes.
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