Jim Cramer has ten things for you to watch on Monday. Not nine. Not eleven. Ten things. The S&P 500 and Nasdaq climbed because chipmakers recovered from Friday's selloff. The brutal Friday selloff. Friday was brutal. Monday was not brutal. Monday was up.
The market rebounded. Markets rebound. They also fall. Then they rebound. Then they fall again. This is called information according to Jim Cramer's ten things.
Chipmakers specifically recovered. Not the companies that make staplers or doorknobs. Chipmakers. The semiconductor manufacturers who got absolutely demolished on Friday remembered how to make chips on Monday. They found the recipe again. Someone checked the manual. Crisis averted for approximately sixteen hours.
The thing about a top ten list is that it requires exactly ten items worth watching. Not eight really good ones. Ten. You need to stretch. You need to fill space. Item seven is probably something like "tech sector shows signs of breathing." Item nine might be "numbers continue to exist on screens."
Retail traders will read all ten things. They will nod solemnly at each one. They will discuss them in Discord channels using rocket emojis. Then they will make trading decisions based on whether Mercury is in retrograde because that has the same predictive value as watching ten specific things Jim Cramer told them to watch.
The chipmakers went down brutally on Friday. They went up less brutally on Monday. This constitutes a rebound. The rebound needed to be watched as part of a ten-item list. Without the list, the rebound would have happened in complete darkness while everyone stared at paint drying.
The market closes every day and opens the next day and Jim Cramer has ten things about it.
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