Jim Cramer questions if the market is overextended. He looks at stocks that need to go up by double digits to get back to previous highs. And he points specifically to American Express (AXP) .
Cramer said he hoped this view would bring comfort to investors as oil sinks, which is bad news for Exxon Mobil (XOM) and Chevron (CVX) .
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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