Jim Cramer warned that key pillars of the bull market are beginning to crumble. The pillars. Not the bull market itself. The pillars holding up the bull market. Like the bull market is a f*cking gazebo.
CNBC pays this man to tell you that the structural supports of an extended metaphor are showing weakness. He identified several pillars. He did not specify how many pillars a bull market requires. Could be three. Could be seven. Could be whatever number lets him change his mind tomorrow without anyone remembering today.
Cramer is becoming more cautious. More cautious than what? More cautious than when he told you to buy Bear Stearns six days before it collapsed? More cautious than when he rings that stupid f*cking bell and screams recommendations at people who already executed the trade on their Robinhood app three hours earlier?
The pillars have come under pressure. Pressure from what? From the same economic forces that existed yesterday when the pillars were fine? From the revelation that monetary policy and corporate earnings still matter?
Somewhere right now a retail trader is looking at his portfolio, reading this headline, and thinking he should have seen this coming. He should have known the pillars were crumbling. He should have been monitoring pillar integrity. He's adding "pillar pressure" to his mental checklist of things to worry about, right between the VIX and whatever the f*ck the Kansas City Fed manufacturing index is doing.
The chart said buy at 8:47 AM. Cramer's pillars crumbled at 10:15 AM. The chart still says buy.
Photo by on Unsplash
Leave a Comment