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.
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