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RealMoney.com: Jim Cramer Blog
Of Profits and Politics
By Jim Cramer
RealMoney Columnist
1/15/2010 5:18 PM EST
Could have been MUCH worse. Made a nice stand at the end of the day, furthering the possibility that it was all about options expiration week. Especially when you consider that we have a three-day weekend, where who the heck can tell what will happen.
Next week, not earnings -- elections! If Brown wins in Massachusetts, if he defeats Coakley, I think the bears will be scrambling like there is no tomorrow, EVEN if earnings come in just okay!
But we are saddled with earnings and I am coming to terms with how Citigroup (C - commentary - Trade Now) could report a terrific number on Tuesday and be punished anyway. Just seems like it is going to happen.
My recommendation: if this one goes back to near where it did, it's a big deal. I am on record saying it will not go through it -- that might be the pre-Coakley pick to make the week a good one.
Just a spec, though, that I think will work |
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