Cramer and all of the people on Fast Money (most of the CNBC crew for that matter), have been calling for people to sell all stock holdings for a week now. They are continuing the panic created in the build up to the Bailout.
Theories:
- If things go really bad, they want to be able to go back to a tape that proves they "told you to get out".
- They are trying to accelerate the coming of the bottom. In a standard recession, it could be years. In a depression, it would be over a decade. If they can make it happen sooner, it's the sooner that they can jump in and start the next bubble. Playing everyone for suckers. We'll know when they finally get back in, because they will start saying "buy, buy, buy".