In the Off The Charts segment of "Mad Money," host Jim Cramer checked back in with colleague Larry Williams, who correctly had predicted the late-September swoon, a powerful 23-year seasonal trend. Cramer now asked Larry for his favorite stock to buy once the selling subsides. According to Williams, that stock is IBM (IBM) .
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Monday turns uninspiring as traders lack incentive to buy and oil moves higher amid poor economic data.
A rally back to this area could unfold soon, so current investors should keep a tight leash on shares.
Here's our first price target and our long term objective.
Econ 101 suggests that at some point, either the supply side catches up, or demand falls to get prices back in equilibrium. Let's see what this means for oil -- and a potential recession.