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Behold: the Short Handbook

By Jim Cramer

 About this article:
 One of the bears' best arguments is that we have far to fall if the world's in recession. There is an abiding sense that when things unwind, there will be no wealth created at all by the commodity boom we have experienced and that the whole move has repealed. So I went back to take a look at when the commodity boom really took off -- April 2005 -- just looking at the charts, mind you, to see what awaits us if that's the truth. That's a somewhat arbitrary time, but I think some of the negativity comes from the notion of a giant top that formed in 2008 with China's ascendance, and a catastrophic decline coupled with the Chinese collapse. I think, to give the bears their due (as they certainly deserve it) that you can expect some stocks of some segments of the economy to have...

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