Jim Cramer Blog

"Who knows where this will stop, but there is still money to be made,"says Cramer. He also said that there are plenty of stocks that have hit their bottom and it's time to go bargain hunting. The best place to go bargain hunting is in the natural gas sector because they are trading like value stocks. Natural gas is trading at the lowest ratio to oil since Cramer can remember. He said these stocks are being dumped for no reason and that you should get on the other side of the selling. He highlighted one particular stock which is the biggest player in Barnett Shale (a very important piece of property), Carizo Energy (CRZO).
An additional idea that he gave was to give a look at stocks that have probably hit a bottom. He highlighted Readers Digest (RDA). The downside has been shaken out and the stock can only go so much lower because of the core fundamentals. The company has great management and is the best selling magazine in the world with 19m subscriptions.