Skip to main content

There's contrary thinking, and then there's pseudo-contrary thinking. Let me give you both takes.

For four months, money has been pouring out of this market; individuals have been fleeing in droves from the mutual funds.

Some managers say that you have to take the other side of that. In all of the important moments in the last 20 years that individuals have fled the markets, it has been a great time to buy. Is that contrary thinking, or pseudo-contrary thinking?

To read the rest of Cramer's take on the fund managers, click here for a free trial to Once you sign up, you can read all of Cramer and our premium content.

James J. Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. At the time of publication, Cramer was long Philip Morris.

TheStreet Recommends

To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to Click


to get Cramer's book, "Confessions of a Street Addict."