Jim Cramer says the AI sell-off has further to run. He also says it is not the dot-com crash. Both statements arrive from the same man, in the same breath, with the same confidence.
Read that again. Slowly. Like a prescription label.
Here is the offer. The pain continues, but the pain is the good kind. Artisanal pain. Small-batch, locally sourced, free of dot-com additives.
Cramer wants you to know the difference. Pets.com sold sock puppets. Nvidia sells chips. One of those is a real business. Retail traders will hold the other down 80 percent and call it a thesis.
Consider the logic. A crash is bad. A sell-off is a crash with a better publicist. You have been upgraded from victim to participant in a healthy correction. Congratulations on your promotion.
The dot-com comparison is the part I love. Nobody asked for it. Cramer brought the comparison himself, like a man at a funeral saying, "Well, he didn't die of what Gary died of." Comforting. Why is Gary in this conversation?
A technical analyst reads this and sees a chart. The chart doesn't care what Cramer calls it. The chart has no television show. The chart has never once said "Bear Stearns is fine."
Cramer did say that, on air, in March 2008. Bear Stearns collapsed days later. I mention it because it is verifiable, and because he would prefer you didn't.
So the sell-off isn't over, but it isn't a crash. Fine. You will lose money in a way that has been pre-approved by CNBC.
Buy the dip, retail traders. The dip is not a crash. It is simply a very long elevator ride with excellent branding.
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