You Don't Have to Join the Tug of War

Can they make today any more tortured than it is? You can see the trouble here today. Some people are afraid of Mutual Fund Monday and are using any weakness to buy. Others are up so much that they are afraid of giving it back with a president on the road and the possibility of Mideast mayhem.

So the tug of war plays out every time the market goes negative.

I think the best way to look at this move is to look at Apple (AAPL - commentary - Trade Now). People are so excited that Steve Jobs might come back, and we could get price cuts and a new iPhone and China orders, so they are very excited. But others know that each of these events has always been a selling event, and they are trying to get ahead of it.

I say step outside of the dichotomy. This market just got a big break: Gold is down. Any time I see gold down, I am sanguine about a market.

This level of decline?

Just plain bullish. I wouldn't sell anything here until the bell. You might need ammo to sell on Monday!

At the time of publication, Cramer had no positions in stocks mentioned.

---

Know What You Own: In Friday's trading, the most active stocks include Bank of America (BAC - commentary - Trade Now), the S&P Depositary Receipts (SPY - commentary - Trade Now), the Financial Bear 3X (FAZ - commentary - Trade Now), the Financial Bull 3X (FAS - commentary - Trade Now), Citigroup (C - commentary - Trade Now), the Financial Select SPDR (XLF - commentary - Trade Now) and the PowerShares QQQ (QQQQ - commentary - Trade Now).

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.