NEW YORK (TheStreet) -- TheStreet's Jim Cramer says in his trading history when investors think it's obvious that the market would go down, it tends to move in the other direction.
Cramer says it is still early and investors should be careful. He points out high-fliers still have margin sellers that will come in every time the shares climb. He also notes the Nasdaq (QQQ - Get Report) is down 3% and when this happened in April 2000, a bounce followed. Cramer thinks a better price to sell could be upcoming.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts