The Rise Isn't Over Yet
By Jim Cramer
About this article:
They couldn't bring it in. Nothing occurred that could knock the market down, and the shorts are trapped like rats. I don't know what I would do now if I were short. Maybe I would wait until tomorrow to see if the papers just decide to make up stuff about how Ben Bernanke wasn't signaling a cut. Or maybe you try to spin a story about how the expiration is leaning to the sell side. (Forget the fact that the 2:30 floor look -- the one that indicates how much there is to buy or sell on Friday -- showed much better to buy.) Whatever the setup, the bet against the market setup hasn't happened; instead, we have even the worst quarter -- Accredited Home -- moving the stock higher. Last week when we were down big, the bears came out with the usual Cassandra catcalls.
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By Jim Cramer
About this article:
They couldn't bring it in. Nothing occurred that could knock the market down, and the shorts are trapped like rats. I don't know what I would do now if I were short. Maybe I would wait until tomorrow to see if the papers just decide to make up stuff about how Ben Bernanke wasn't signaling a cut. Or maybe you try to spin a story about how the expiration is leaning to the sell side. (Forget the fact that the 2:30 floor look -- the one that indicates how much there is to buy or sell on Friday -- showed much better to buy.) Whatever the setup, the bet against the market setup hasn't happened; instead, we have even the worst quarter -- Accredited Home -- moving the stock higher. Last week when we were down big, the bears came out with the usual Cassandra catcalls.
The article continues, dont have a subscription...