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Jim Cramer's 'Mad Money' Recap: This Stock Market Is No Bargain


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NEW YORK (TheStreet) -- Not every falling stock is a bargain, Jim Cramer warned his Mad Money viewers Thursday. Some are falling knives that will only lead to bright red losses.

Cramer explained that all throughout the market's incredible run over the past few years, buying the dips has always been a winning strategy. Waiting for a stock you love to fall to a bargain price and then pulling the trigger has served investors well for a very long time. But with over 60 stocks in the Dow Jones Industrial Average making new lows and entire sectors faltering, that strategy may be a thing of the past.

The weakness that started in coal and quickly spread to iron ore and copper and the railroads has now claimed much of the oil...