Cramer takes a hammer to the long's thesis. It wouldn't matter as much if this was widely held by institutions, but it isn't. A quick look at the top holders shows nothing but index funds and trust banks (i.e. retail).
Where was Cramer's 'sell' signal before the stocks all dropped 50%? His 'timely' buy recommendation will be put out after they have all recovered. Why does Cramer have any credibility a left?