Trading for the Masses

I normally don’t watch Cramer, but I was stuck in my hotel room late last nite and after a workout I watched a bit of the madman. He was on a major upswing last nite, looking like a peacock and telling people the bottom is in. Pounding the table to buy with all in notions. I have no idea how the guy sleeps with those types of comments, but that kind of told me along with the important big picture charts that until we can get the spoos over 1420 on closing prices. I wouldn’t be too excited about catching a knife for more than a rental trade. I’m sure Cramer was buying in November of 2000 also as the market had just begun to fall back then. Someone should ask him about that time? Anyways, the jobs numbers were rank this am and the futures are back to the lows of last night near 1333. We have sold off over 54 pts from the post Fed highs and as I mentioned yesterday, the FED time usually marks highs in the market over the past 9 months or so, so why go changing the game plan. Have a great Thursday and be safe out there.

cramerica-open.avi