Jim Cramer, not Kramer as pictured above, is once again making fun of the bears. Just as he did prior to all other market declines. Jim Cramer — ‘The Real Market’s Healthier,’ So Ignore the Bears
We know that the big guns, investors like Icahn, Soros, Druckenmiller, El-Erian and Gundlach all hate this market. It’s so easy to hate. The economic backdrop seems phony: the Fed can wipe away the gains in a heartbeat, oil controls the tape, rates are so low that they artificially drive capital into equities, and the global drive to negative rates could frighten anyone. But here’s the thing: while the market always feels like it is about to roll over, the widening breadth is staggering, with new groups gaining strength seemingly out of nowhere.
Now, consider this. Just as the market was hitting multi year lows in January, Mr. Cramer turned super bearish. Calling for an outright market crash. I wrote about it here. Cramer Turns Super Bearish. Time To Go Long?
And, just a few trading days prior to the Dow topping out on April 20th Mr. Cramer incouraged his follower to load up on some of the most speculative issues out there. I wrote about that as well. Cramer Predicts A Massive Rally. Time To Go Short?
In other words, Mr. Cramer simply comments on the current state of the market or psychological backdrop at any given moment. That is very different from actually forecasting what the stock market will do next. For that, Click Here.
I just thought you should know.
