NEW YORK ( TheStreet) -- "Let it ride," Jim Cramer said on his "Mad Money" TV show Tuesday, as he told home gamers that they don't need to be like a hedge fund and try to game the market every day. Instead, he said, sometimes doing nothing works just fine.
Cramer said that hedge fund managers are like sharks in that they need to be in constant motion in order to stay alive. There is daily pressure to turn a profit with every trading session. And that leads to the endless buying and selling of the S&P 500 futures on every headline, every tidbit of news out of Europe, out of the U.S., out of China and out of pretty much anywhere.Cramer explained that the hedge fund managers have been playing it safe as of late, shorting the markets, betting that worries out of Europe and debt concerns here at home would flush out the retail investor and send the markets lower. But he said no one expected to hear about a possible U.S. debt deal today, nor were they prepared for Apple (AAPL), a stock which Cramer owns for his charitable trust,