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Brace Yourself as We Test the Floor

By Jim Cramer

 About this article:
 Maybe the market can't handle the wholesale destruction of an important sector. That's how it seemed to play out today with the beatdown that energy suffered. Or maybe we are just too nervous about employment, but either way it looks like the newfound consensus that we have bottomed will be tested instantly, as the Rev said. We did a little selling in Action Alerts PLUS in prep for that, because I believe that as we go down toward Dow 7350 -- as I said earlier today -- it will not be breached. Today we got some weird redemption from some big commodity houses, and you can see those stocks drenched in red. When you combine that selling with the actual commodity declines and the catastrophic decline to the devil's price of 666 for the Baltic Dry Freight Index, you can see why the nat gas/drilling/oil complex blew up,...

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