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The market could continue to decline, Cramer said Monday, adding he thinks the market could go flat for the year or a little worse before finding a bottom.

The "Mad Money" host doesn't like being negative, but noted he's championed the market for nearly 6,000 points on the Dow, including what seems to be 600 points too many. He acknowledged his downbeat view joins the consensus on Wall Street. While he doesn't like joining the negative chorus, he doesn’t mind it now given the facts agree with the story.

Yet even in down markets, Cramer always says there is a bull market out there somewhere. Given the current market temperature, he likes gold [GCCV1 1546.50 --- UNCH (0) ]. Cramer's long said the precious metal should be an integral part of every portfolio. He also likes companies leaning on international growth, including those with accidentally high-yields. These companies, he explained, see their yield go up as their stock price goes down.

Bem verdade Ulisses. São horríveis aqueles dias em que o mercado anda para cima e para baixo, nem que sejam só duas vezes, numa range igual a cerca de 1/2 ATR. Não há SAR que resista.

"Sucker Punched"

By Jim Cramer
RealMoney Columnist
6/6/2011 3:23 PM EDT

"What makes a market abominable? What defines it? Let me give you at least one totally defining characteristic: It sucks you in and then spits you out in the same day. So, at one point today, you have the selling slicing through DJIA 12,100 and things look real bad. Then, we get the bounce, and we almost get into the black. We stay there for a little while, with the market subtly gaining altitude the whole time. How tempting is that? So many get sucked in and so few use the lift to get out.


And then your legs are cut off from underneath you, and you are grasping at a host of straws wondering what happens now.

Today's particularly brutal because the high-multiple leaders, the Chipotles (CMG - commentary - Trade Now) and Netflixes (NFLX - commentary - Trade Now) and Open Tables (OPEN - commentary - Trade Now) are just open sores. At the same time, the oils are rolling over big, including ConocoPhillips (COP - commentary - Trade Now), which seems undefended despite the 3.73% yield that seems pretty tasty.

So, remember, it isn't just the relentlessness of the torture it is also the siren song that says "step in, the water's fine."

It isn't. "

(in www.realmoney.com)