We'll Have Days Like Today Until More People Give Up On the Tape

There's not much you can see that's good today. Today's a day when the bulls just take profits and the bears portray that profit-taking as recession plus inflation.

I don't think there is much to say beyond, "We went up a huge amount and now we have to give back some because the economy is too weak and the recession is too powerful to buy any financial."

Even more galling, the upgrades in homebuilding and casino stocks -- two that should be getting killed -- are actually working. They mock the rest of the screen.

Until we are more oversold and more people give up on this tape, you will have this kind of horrible action.

Of course this isn't just finance. It is also tech. Talk about a group that can't lift -- if it did, I would smack it right down. SiRF (SIRF - commentary - Cramer's Take) really is the analogue here.

When we pull back big from where we were yesterday, we can look at the long side again. Until then, on strength I want to sell.

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

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