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China-Led Drop Offers a Time to Buy

By Jim Cramer

 About this article:
 If China has pulled back 20%, do we have to pull back 20%, even though they were up 80% and we are up 9%? Are we so in lock step now that when China catches a cold, we are the ones with pneumonia? I don't think so. It's such an easy story to stretch out, though you can see that our Freeports and our Exxons can get hammered. But how about the 85% of the market that doesn't sell into China? Do we decide to take back the Target gains of yesterday? How about the Apple gains -- I mean, they will eventually sell iPhones there, so eventually their numbers will be destroyed by the sales that they get there because the Shanghai index is down, right? I am sitting here right now trying to figure out how much Express Scripts should be down...

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