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Jim Cramer: Yes, The Market Has Bottomed


First Posted: 07-31-08 02:36 PM   |   Updated: 08- 8-08 05:12 AM

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Jim Cramer

CNBC:

If you thought you heard Cramer call a bottom during Tuesday's Mad Money, you were right.

"It smells to me like something, in fact many things," he said, "have at last changed for the better."

"I am indeed sticking my neck out right here, right now," Cramer continued, "declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15. and I think anyone out there who's waiting for that low to be breached is in for a big disappointment and [they're] missing a great deal of upside."

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Filed by Dave Burdick  |  Report Corrections