Editor's Note: This article was originally published on Real Money on Feb. 4. To see Jim Cramer's latest commentary as it's published, sign up for a free trial of Real Money.NEW YORK ( Real Money) -- What do you do with a pullback -- a long-awaited pullback, one based on Europe and changes and worries about a resurgence of problems on the continent? If you are like most people, you decide to wait until a bigger pullback, because that's what all the bears and skittish folks have been preaching to themselves by day. And night. Yes, here you are, with all of these domestic stocks coming on strong, with housing and retail coming in dramatically better than expected. Yet what do people do? They find excuses to stay away from precisely the stocks that have broken away from the international orb. Now, it's as if everyone believes all that could go wrong will go wrong, and we're now seeing the long-awaited rollback of all the trades that have been put on. It's typical that the analysts have continued with their endless downgrades. Goldman Sachs downgrades Hershey (HSY - Get Report) because of recent price strength. UBS wants nothing to do with Charles Schwab (SCHW - Get Report), even as we have seen only one month of retail-investor comeback. J.P. Morgan downgrades Wal-Mart (WMT - Get Report), a quintessential positive name for this period. Morgan Stanley goes to a needless selloff of worries about new drugs. BMO has had enough with Google (GOOG - Get Report). I don't know how it is that the pullback, when it comes, never refreshes the people for whom the move should be refreshing. As I wait for my trip back, I am dealing with the people around me who all -- uniformly all -- are saying, "the market is tanking" and "sell sell sell." You never hear "buy" on days like today. I'm not saying that today is the day to go all in. I am saying that, if you have some cash, you should end up with less cash today than you had last Monday. Random musings: I hope you enjoyed the Super Bowl and the "Open House" this weekend. I know the diversity of views might confuse people, but this has been the hallmark of Real Money since I started it more than 12 years ago.
Cramer: Finally, a Pullback -- Yet Everyone Steers Clear
Feb 05, 2013 | 07:00 AM EST
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV