On today’s STOP TRADING segment on CNBC, Cramer said the Bulls should try to come into the market at the end of the day. Cramer said we wanted commodities down and dollar up, and they sold the market on it. Cramer said that Motorola (MOT) would actually jump now if Ed Zander left the company, I disagree but it’s his show. he admitted he’s cranky today, so maybe he’s jumping the gun.
Cramer said ETF’s are actually a great way to short the market and knock down indexes, so they are a bear’s dream come true. Cramer said he’s worried about China a bit. Banc of America said Buy Exxon (XOM) on weakness after the downgrade today, and Cramer said he doesn’t want to sell it.
Earlier today he said you gotta be buying Tech that was overly weak from Motorola (MOT) because it wasn’t the end of tech and proceeds raised from stock selling in energy stocks has to go into tech.
Jon C. Ogg
January 5, 2007
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