"Ever try to run the opposite way on a down escalator?" Jim Cramer asked listeners of his "RealMoney" radio show Tuesday. "You can make it to the top if you run fast enough ... but usually you'll make your way down." Cramer says this is the scenario we're in now, running up the down escalator, as investors try to make a buck in an era he calls "the days of the one-day bull markets." There was a time when trading and investing was an art form, when you chose your stocks carefully and constructed a portfolio, Cramer said. But now the market swings are so fast and furious that the average investor would have to quit his or her day job in order to make money in the market -- which would mean buying low and then selling high. It's almost impossible to catch these one-day bull markets, Cramer said. It's frustrating, and it will keep new money out of the market. In these times, Cramer believes that the remedy is to take the stairs, not the escalator, meaning investors need to find a new pattern. Look for a way to go up 50 and down 30, he said, emphasizing that gains need to be made in moderation. "That's sustainable ... unlike what we have now."
Too Cheap to Ignore
You need conviction for these tough times, said Cramer, criticizing an analyst for downgrading a stock on investor sentiment. It's not worth it to sell Halliburton ( HAL) just because investors are leaving the market, he said. Cramer owns Halliburton for his charitable trust Action Alerts PLUS . There's a lot of research out there that shows that investors may not want to pull out of the market, he added.