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NEW YORK ( TheStreet) -- Nobody likes a divided market, Jim Cramer told his "Mad Money" TV show viewers Tuesday, especially when both sides agree that it's time to sell.
But that's exactly what the market has become as both the "hiders" and the "seekers" now have reasons to hate it, said Cramer.
Cramer explained the "hiders" are those investors worried a change in Federal Reserve policy will signal the end for stocks. He said this camp has been hanging on the Fed's every word and has been hiding in high-yielding and safety stocks including Kellogg (K) and Coca-Cola (KO). This camp doesn't need a new reason to hate the market because they've hated it all along.The second camp are the "seekers," those that just a few days ago bucked the Fed fears and were excited about any company whose prospects for 2013 were looking up. Whether it was technology, banks or oil stocks, these seekers were finding value in beaten-down names and weren't afraid to take a chance on the likes of Toll Brothers (TOL) given the strength in the housing market. Things all changed for the seekers, however, after the market's big run over the past two weeks, Cramer continued. With valuations running higher, the seekers are now looking to lock in their gains and are waiting for a pullback to get better prices. This means that right now both camps of investors are looking to sell, albeit for totally different reasons. This trend is evident in Toll Brothers, said Cramer. That stock ran from $30 to $38 a share last week after the company reported a solid quarter, only to fall this week back to $32 a share as investors locked in profits and began waiting for a better entry point. Both camps were happy 10 days ago, Cramer concluded, but not any longer.
Executive Decision: S.A. AbrahimIn the "Executive Decision" segment, Cramer sat down with S.A. Abrahim, CEO of Radian Group (RDN - Get Report), the mortgage insurer that's risen 60% since Cramer first got behind the company in February and 21% since Cramer last spoke with Ibrahim on March 14.
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