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"Money is not coming out of the market," it's just being rotated, Jim Cramer said on TheStreet.com TV's Wall Street Confidential Webcast Tuesday.
Money is shifting from the emerging markets to the Cokes (KO Quote) and Pepsis (PEP Quote), he told Gregg Greenberg, the host of Wall Street Confidential.
People just want to be on whatever table is hot, Cramer said. Recently, the Chinese and Brazilian tables have been hot, "but most people don't know anything about these companies or these countries," Cramer continued. "It's unnerving to see how much China can unwind." ...
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