The Gloomy Consensus Bet's Still Right By Jim Cramer About this article: Squeeze? DuPont better than expected. Countrywide puts up numbers that don't seem bankruptish. We could have a day's respite from the gloom. We certainly are owed one, at least in Nasdaq land. Plus, when you go out with people from the trading desks, you are overwhelmed by the negativity. Last night at a buy-side/sell-side dinner, a smart guy I know who loves the short side tried to make a case for some down-and-out airlines and retailers. He's a price guy, meaning that he believes everything has a price and that you have to start looking at a Lowe's here or a Macy's because if you start buying now, put some on, you will be getting a pretty decent risk-reward ratio. I thought people were going to throw things at him. He was immediately ridiculed as someone who didn't understand what's out there, the collapse of consumer spending as evidenced by... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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