JJC:   Just horrible, right?  Horrible...  I mean, the bell didn't even save us...  We got hammered mercilessly, just mercilessly...

These are the domestic problems that won't go away...  Days like today... they make you want to give up, right?...  No!  Stay focused!...

Days when we're down enough to really feel the pain, but not enough to create a wave of panic, are incredibly frustrating!...  I mean, a really big decline would be exciting at least... give you a chance to buy stocks cheaper...

But days like this are really hard, because they become so common... no resolution...  and continued decline... drift...   It makes you feel like there's no money to be made at all or, worse, every time you make some money on an up day like we had on Monday and Tuesday - or an up week - we know that the market will take the gains away...

I'm urging you... I am urging you not to give up on stocks all together... I am urging you to stay in the game.  

I do think, though... that you just want to dump some American stocks, and load up on some international names that aren't exposed to that litany of woes...

So, if you take only lesson away from today's show, I want you to remember that Cramer says, continue to put in additional money internationally, not domestically...

That's where you can make money in this market... 

Less than a month ago, during Carnival, I ran a multi-part series on one of my favorite countries, Brazil...  Now, how has that done?... It's up an average of 14.7%...  The S&P's done nothing!... 

That's why we love international... especially emerging markets... 

It's why I've devoted this week to a third-world telco series, with an emphasis on wireless...

It's great to be a wireless provider, unless you're Sprint Nextel (S)... but it's much better to be selling wireless service in countries where people are just starting to be able to afford phones... and hardly anyone has one...

No company understands this better than Turkcell (TKC)...

TKC, the largest wireless player in Turkey by far, with a 58% share of the wireless market.  TKC's stock has been a great long-term winner, because Turkey was under-penetrated...

TKC expanded its subscriber base for years, which fueled its growth and the stock's rise... Now, we've got a little problem...  By the end of 2008, Turkey should be just like the U.S.... 100% penetrated...   The other word we like to use here is "saturated"...  everyone who wants a cell phone will have one... and TKC will have to fight tooth and nail to steal new subscribers from its competitors to keep growing its subscriber base in Turkey...

That's not their plan...

.  .  .  .  .

I saw what I needed when TKC reported its fourth-quarter results on Wednesday.  The stock went down yesterday in response, but look, it had a run up...

TKC's third quarter had been a blowout, and the people who like to buy ahead of earnings, probably expected the fourth quarter to be another blowout...   It was merely just better than expected...

TKC earned 46 cents per ADR (share)... 8 cents ahead of the concensus...  Quarterly profits, up 44% year-over-year, and revenue up 50%.  You're not getting that in this country...

Other reasons to own it...

It's the only Turkish stock listed on the New York Stock Exchange... So it's the one that gets bought on all the good economic news out of Turkey which, by the way, should grow its economy at 5.4%...

Buybacks?... about to become legal in Turkey.  And TKC has vast horde of cash they could plow into a repurchase program as soon as they're allowed...   The CEO says that he wants to return capital to shareholders.  His latest dividend increase, paltry...  I think it's all buyback.  I think it's a buyback coming.