Bear Raid!

So the bears come and try to raid it so fast near the end of the day that there isn't even time for the bulls to get down to the floor with bids! It's bear blitzkrieg.

I find it amazing how the velocity of the futures can simply crush this thing when there are no real sellers that I can find.

This raid is perfectly timed. Bulls are reluctant to mark up in the last half hour because it is hard to enter orders on tape that say "take that sucker back to even" or "I want Citigroup (C - commentary - Trade Now) to close at $4.75." You could get away with those mark-up requests yesterday but if the government asks for the tapes, you are history if you do it today.

I think this will be one more dip that will be bought, but only to stabilize things at levels that don't wipe out Monday's gain.

Bulls are in a jam about employment claims tomorrow and the big one Friday. They can't afford to be too aggressive.

However, they can afford to halt the downside now that it is obvious that they need to preserve their leads with more bid-side buying.

Random musings: First McDonald's (MCD - commentary - Trade Now) and then Yum! Brands (YUM - commentary - Trade Now) do some pro-shareholder moves. They are the two inexpensive international restaurant chains, so they can do it, no problem...

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

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