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Improbable, but Not at All Impossible

By Jim Cramer

About this article:
This is NOT a regular market. It doesn't respond to traditional bounce levels, like from oscillators or from trend lines. Nor does it respond to the notion of psychology. In other words, I am sure there is massive capitulation going on. There's massive negativity. There is no reason people should continue to sell if stocks are hitting levels that make no sense whatsoever if the companies are solvent. I think there is plenty to buy, but every time I buy, I lose -- and that gets to you. You have to believe that most of the companies that are trading are going to eliminate their dividends or require a restructuring that eliminates the value of the common stocks that currently own the companies. I don't believe it, which is why I pick away at solvent companies and sell the stocks of companies that I never would think...

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