Cramer: First whoosh, now rebound?
Jim Cramer | [email protected]
I was looking at some of the stocks I like and they were almost all down 3 percent or 4 percent from the get-go on no volume--despite the fact that the VIX stopped going higher while the S&P 500 was plunging and the 10-year Treasury note turned around and rates went lower.
Sometimes it is important to point out what you are looking for ahead of time so that, when you get it, you don't stay negative. Yesterday morning I said we needed to see the Treasuries go down. Friday I said we needed to see the VIX diverge.
We got them both. So we go higher.