Jim Cramer wants you to buy the stocks that already went up. He calls this strategy. The rest of us call it buying high and hoping someone dumber comes along.
Wednesday brought a market rotation. Cramer saw his moment. He told investors to use the rotation to scoop up the biggest winners they missed. The winners. The ones that won. Past tense. The stocks that finished the race while you were still tying your shoes.
This is like showing up to a buffet after someone ate all the crab legs and being told it's actually the perfect time to load up on crab legs. You're getting imitation crab now. You're getting the sneeze guard drippings. But Cramer's out here acting like you just discovered a market inefficiency.
The technical setup here is flawless if you squint and ignore every indicator that matters. Price already extended. Momentum already exhausted. But sure, rotate into it. Chase that move. Do exactly what the algos wanted you to do three days ago when they were unloading their position onto your Robinhood account.
Retail traders heard this advice and immediately opened their brokerage apps. They saw green candles. They felt hope. They bought calls expiring Friday. By Thursday morning they'll be back on Reddit explaining how the market is rigged because nobody told them that past performance doesn't predict future returns. Somebody did tell them. They just weren't listening.
Cramer's entire pitch boils down to FOMO with a CNBC budget. He's telling you the party's still going after the cops showed up and turned the lights on. He's handing you a solo cup full of backwash and calling it opportunity.
The chart doesn't lie. The talking heads do. And every time you buy what already ripped, you're not investing in the future. You're funding someone else's exit liquidity while they thank you for your service.
Photo by Brett Jordan on Unsplash
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