Cramer: A state of 'good is bad'
Jim Cramer | firstname.lastname@example.org
In fact, I now think we have entered a permanent state of "good is bad," where every piece of good news causes another move in rates going higher until we get to the point where people say it's overdone.
I know the move was vicious Tuesday--and we have had vicious moves before that then gave way to benign moments again. I just don't think that's happening this time. The charts in the utilities and the REITs tell me that we are in for a bit more of a jolt.
Only then, when stocks I like yield 5 percent or more (the best utilities for instance), will I feel the need to be less vigilant.
I just don't like the setup--for now.