TheStreet.com RealMoney

Stop Waiting for the Turn

By Jim Cramer

 About this article:
 For those of you who think that you can wait for a turn in the economy, I urge you to consider the housing bottom and how it played out. I was sweating this bottom six months ago having made a call that housing would stabilize on June 30. I obviously opened myself up to tremendous ridicule with the call. That's object lesson one of a great call. It has to be so contrary as to be shocking and if you are wrong, you have to risk that it could be devastating. Lesson two, it has to be based on a cyclical theory that has played out before. Remember how real estate works. Start at zero. Prices climb, buyers chase. Prices climb, buyers balk. Prices plummet, buyers balk. Prices plummet again, buyers buy -- like mad. That's what happened over the last year, in totally predictable fashion, in one area...

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