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Dow 7350 Was the Low

By Jim Cramer

 About this article:
 Is the fix in? Do we have a bottom lurking -- a la Doug Kass' statements? I know that to get back to Dow 7350 -- the intraday low -- will take some real work, but Du Pont (DD), Merck (MRK) and AT&T (T) are doing their best to create it!. When I say "the fix," I mean that there are enough buyers out there without redemptions -- as opposed to Legg Mason's Bill Miller, who reminds me of some of the tech managers who never recovered after 1999 -- who are going to do their best to prop up prices. Can it be done? I think so. But that's because of the makeup of the Dow. Consider that McDonald's (MCD), Coca-Cola (KO), Procter & Gamble (PG), Johnson & Johnson (JNJ) and Kraft (KFT) all benefit from this new commodity environment. AT&T and Verizon (VZ) have scale benefits that made...

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