TheStreet.com RealMoney

The Recession Plays Will Be Back

By Jim Cramer

 About this article:
 We are looking at the overbought sell-off, and it is going to happen from the Nasdaq with Garmin guidedown and popular fave MEMC cutting its own numbers. I do not trust this market, except for gold and oil, and even those could come under pressure if people read the jobs number as heavily recessionary. My take is those are driven internationally and that we are going to repeal the retail and tech moves we just had. MEMC shows solar is economically sensitive. Garmin is economically sensitive. Cisco is economically sensitive. Watch tech, not banks, today. Sell retail. And leg into Altria/Pepsi/Heinz/General Mills on weakness as the recession plays will be back. And be careful, many shorts have covered, classic when we get overbought. ...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
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.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.