Cramer is sperging out on CNBC because of the Dow gapping lower by 1500. He believes it’s all fake, a byproduct of machines running stocks. While that might be true, you cannot enjoy the fruits of the robot market without enduring its poisons. We are crashing because people aren’t trading stocks, only algorithmic trading.
As such, I find it hard to believe we will not retest those lows. Since I’m already long a bunch of shit, I threw down a hedge in my tactical account, which will be sold tomorrow, buying SOXS — short semis.
You’ve got to stop bitching about the market going down when all we saw was upside for the past year. Come on already with your sanctimonious bullshit, Cramer.
The Dow is off by 800 now. Cramer is mocking people for selling when it was down 1,600, calling them ‘morons.’
So what happens when the Dow retests the lows? Will Cramer apologize?If you enjoy the content at iBankCoin, please follow us on Twitter