
Where We're at Today

By Jim Cramer
About this article:
You can't keep going down on the same information.
The brokerage cuts we got this morning are no different from the ones Merrill has given us. The Sears earnings are actually better than the preannouncement, although housing-related entities are still awful.
Meanwhile, viability questions remain. Thornburg goes up on something that it shouldn't go up on -- a convertible preferred that jams the common. Ford did that and people got fooled there, too.
It is important to recognize that TMA's inability to go to the window even as it needs it more than others is behind this miserable piece of paper.
H&R Block should be down much more; there is nothing there to support that unit that could kill it. (Think CIT when it tried to close its mortgage unit, the stuff is just an infestation wherever it might be.)
I spent the...

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