WHAT IT WAS LIKE AT GROUND ZERO

TRADER JAMES J. CRAMER TELLS OF THE SOMETIMES FRIGHTENING FALL IN STOCK PRICES AS PANICKED MONEYMEN RUSHED FOR THE EXITS

The week began with a frantic, sweaty call from the greenroom at Good Morning America. "How do I tell people I am scared without scaring them?" I asked my partner, Jeff Berkowitz, at 7:34 a.m., four minutes before going on air for my regular "The Buck Starts Here" segment. "How do I tell them that this bull wants to pull in his horns, even if for a day or two?"

Jeff knows me well, having shared a foxhole in the equity markets for half a dozen years. "You can't go on Good Morning America and start a panic. That will generate...

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