Jim Cramer was quite bullish for beaten down sectors a couple of weeks ago including home builders. ON Friday June 13 he said to BUY banks and Retailers. A week later, on Friday June 20 2008, he said if you bought them you're not listening.
He also said to avoid oil and oil related stocks. A week later on June 20th these oil related stocks were up and he said to keep buying what was working so far. He seemed to take credit for "the petroleum complex" as "the ONLY green in a sea of red."
Video Title: "The Flip-Flop that Ought to be Illegal"
Huh? How does one follow this sort of "advice?
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