[wildwood]

Look at the big picture. This is a commodities bull market that started in 1999. The shortest one using data all the way back to 1823 was 17 years in duration (not opinion but fact). Matt Simmons (author of "Peak Oil") theories are now being accepted as mainstream. Matt will bet anyone 5,000 dollars that oil will sell at $200 per barrel by the year 2010. So if this is a long term bull, correct strategy is buy all the dips. But the majority get scared on the shakeouts and sell so they lose. This is not investment advice, do your own diligence.
P.S. I rarely watch Kramer; he's in your face entertainment, but I don't believe he's taking positions opposite of those he's recommending. If he is, he's a fool because he's putting his entire income stream in jeopardy and possibly risking jailtime. The SEC could also ban him from all trading. It's happened before. Kramer's not stupid.