Jim Cramer believes that investors can't afford to lose faith in this market. He thinks the market is displaying some classic signs of bull market action but that investors don't seem to be paying attention. Many Wall Street pundits have been predicting a market correction, but Cramer thinks this market is resilient and is being driven by strong action in tech, oil and banks.
He thinks the bears have been dead wrong with their predictions that the
would trade down to 6,500. That would mark a large drop that investors don't normally see in a bull market. Cramer has said that in bull markets it's very normal to see the market selloff by 5% to 10%, but the true indicator of strength is that it rotates back into the leaders and moves higher.
Cramer thinks this started to happen on Tuesday with the strength seen in
. Cramer's lesson for investors is to look for pullbacks in bull markets. They will give you the chance to buy market leaders for the next phase of the rally.
Recently, he found opportunity in European stocks, strong tech stocks and stocks that are having a stealth recovery. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
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