Jim Cramer said you don’t have to be a seer to understand what’s happening in the markets Tuesday.
Following Monday’s sharp selloff on fears of an Evergrande market “contagion,” stocks rebounded into Monday’s open before erasing earlier gains.
As of intraday trading, the Dow Jones Industrial Average was up 50.09 points, the Nasdaq Composite was up 57.57 points and the S&P 500 was up 8.93 points.
Cramer said experienced investors shouldn’t be surprised that those who bought amid Monday’s lows looked to make a profit during Tuesday’s trading.
"It's kind of like a rhythm....if you were wise enough to buy when the Dow was down 800, you are wise enough to flip it when the Dow is up 300," Cramer said.
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