This column was originally published on RealMoney on June 8 at 2:32 p.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Is this the anti-Bill Gross rally? The rally that says that Bill Gross, who turned bearish after being the biggest bull, didn't merit another 100 points down, and we are making that back.
It's a powerful rally. I know that I wanted another down day. We have not gotten it. Sometimes you just don't get what you want.
My take is, again, that I would like to sell into this rally.
I have, though, checked in with all my usual sources, and everyone is of the same mindset -- it needs to go lower.
Maybe that's why I might be wrong, because we all feel that way.
I have bought only a few stocks here for
Action Alerts PLUS.
Maybe I should have been more aggressive, but without a price break further than we have, I can't take action.
What ignited things?
winning a lawsuit;
running. Both good news. Need more.
At the time of publication, Cramer had no positions in stocks mentioned in this post.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.