Stopped Out

I came back to the office from a noon meeting to see all of yesterday’s "Toe-in-the-Water" Cramer trades had been stopped out for modest (small) losses.

After opening up 150 or so, we reversed hard and headed south — a 500 point Dow swing — and closed on the lows (never a good sign).

We now have a Dow 9,000 down side target.

Its a tough, but target-rich, environment 

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