Jim Cramer wrote about earnings season and how the algorithms are driving earnings season over in his Real Money column Tuesday morning.
"The meaninglessness of quarters must not be lost on you. On Monday, we had a host of companies whose stocks went nuts despite the fact that as recently as a couple of weeks ago -- or even a few days ago -- they reported widely panned numbers. Take Caterpillar (CAT - Get Report) . When CAT reported, it was plum ugly. The great machinery maker cuts its forecast and told a pretty darned negative story about the world. The stock was looking down six to $129 and change at 8:15 a.m. ET -- and there was no sign that it could possibly be bottoming," wrote Cramer.
When asked how investors should approach a market that seems to be run by algorithms, Cramer said, point-blank, "growth stocks are doing terribly."
But, on the other hand, "the value stocks are doing great."
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