October is time for patience, not fear
A few weeks from now, when the hoopla of the 25th anniversary of the 1987 crash dies down, you'll be glad you took your time.
This is a tough time in the market. October always brings out the willies -- whether it's because five years ago the market was at a top or because we have seen a crash and a mini-crash in October. At times, the month gives you a clocking as mutual funds take profits before year's end.
It could be more pronounced than ever this year because funds may want to anticipate a change in the tax code so they can beat it at their fiscal year end, which is in four weeks for many funds.
Nothing is tougher than buying into a vicious sell-off -- like Tuesday, when Apple (AAPL) was down $12, Google was on its second plunge in a row and Amazon was taking a big header.
Many buyers want to be in only when the stocks are going up, not down. But I believe you have to leg in with your deep-in-the-money calls and, hopefully, hold out until January, then begin your buying.
Take your time. A few weeks from now, when the hoopla of the 25th anniversary of the 1987 crash dies down, I think you will be glad you did.
Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for Action Alerts PLUS, which Cramer co-manages as a charitable trust and is long AAPL.
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"Don't forget alot of the nice petite chicks that will come with it ! For that matter, there should be an attractiveness requirement for any females desiring to enter this country."
MK 44 . This is how it works. The Fed gives no cost money to the banks by the tens of billions each and every month and THEY buy oodles of Stocks with it instead of loaning it out to small businesses that inevitably go bust
THAT'S more likely than polygamy happening , if Obuma (GOD FORBID IT) get's re elected
Discourage welfare moms..ELIMINATE deductions for dependents! Along with the mortgage interest tax loop hole. One discriminates against single people the other, renters. The budget will be balanced in nothing flat!
Would I really care if Mitt proposed we legalized Polygamy again? Just as long as we get rid of the dependent tax deduction loophole
Actually the Taiwan immigration change is likely part of a larger strategy in managing China.
The U.S. is going to have to let Taiwan go to China. As the Taiwan is assimilated into the PRC system, the Taiwan citizens who don't want to live under the new "laws", will need somewhere to go.
WAY too much expected of Biden tomorrow night. He risks coming off as shrill if he attacks and also putting his foot in his mouth. It will be spun as such regardless
It's all fraud. Let's move on to something else here.
INS just dropped the visa requirements for Taiwan.
We will get a nice dose of productivity from a PREFERRED culture with good values.
Don't forget alot of the nice petite chicks that will come with it ! For that matter, there should be an attractiveness requirement for any females desiring to enter this country.
The oil found on US soil is put into a world market pool so YOUR refineries get to pay world market prices for it, not one driven by local supply and demand. Ain't free trade swell? Exxon sure as hell thinks so
Wonder what Jon Corzine GOLDEN PARACHUTE WAS ? What will Jamie Dimon's be ?
Go get a REAL job, Cramer.
Where are Jim, Tim, and Franklin now?
and $7 million when it fact it was $21 million." Johnson is currently under
CEO of Fannie Mae. Johnson's Golden Parachute was estimated at
WHERE ARE THEY NOW?
Barack Hussein Obama
President and " Commander of THIEVES ! "
Show This to those Americans who LOST THEIR HOMES !!!
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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