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Cramer on BloggingStocks: Assigning blame after Friday's market plunge

 Nov 02, 2009 03:00 PM UTC
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Filed under: Coca-Cola (KO), PepsiCo (PEP), Market matters, Citigroup Inc. (C), CIT Group (CIT), Kellogg Co (K), General Mills (GIS), Cramer on BloggingStocks


TheStreet.com's Jim Cramer wonders whether the big selloff was caused by anxious managers locking in profits.

What happens if it is was mostly lock-in action? What if the big themes that everyone so feared weren't so big, and that the selloff -- so ugly, with so much damage -- was just technical and remains that way?

Besides my oft-repeated statement that I don't expect a pullback to exceed 7%, I think this market didn't make a lot of sense last week.

Here were the big themes: dollar getting stronger, causing a decline in minerals and resources; industrials faltering; recession stocks roaring back.

Continue reading Cramer on BloggingStocks: Assigning blame after Friday's market plunge

Cramer on BloggingStocks: Assigning blame after Friday's market plunge originally appeared on BloggingStocks on Mon, 02 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.

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