The market plunge today resulted from trader panic over more bad news about credit (surprise!), the Fed’s reservations about further cuts (surprise!), and Exxon’s missed numbers (surprise!)....
Article | Updated Nov 1, 2007 | Views: 436 | Comments: 0 Tags: exxon, xom, ptr, petro china
Cramer has only been positive on integrated oil Exxon Mobil (XOM) since late 2006, when crude oil continued its undeniable run to 75 dollars per barrel and carried oil and oil service stocks with it.
With the market playing out its fears, there are a number of particularly good buys at this time. The safest and one of the best is Exxon Mobil. Not only has it dropped from about 93 to the mid-...
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