So it is hard for me to envision a case in which the market shouldn't be down much more as we approach the debt-ceiling deadline. It should be falling at least as much as it gained, if not more so, because the downside is asymmetrical. The dip seems too shallow without more concrete information that I think no one actually knows.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in stocks mentioned.
Editor's Note: This article was originally published at 8:29 a.m. EDT on Real Money on Oct. 14.