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August 20, 2013  Tue 8:11 AM CT

AAPL: SEE CHART GET CHAIN FIND STRATEGIES
Yesterday I sent an email to my colleague Matt Horween when the market was down 25 points asking, "Why the heck aren't we down more given the bond selloff?"

His answer, 10 minutes later: "Now we are."

So it goes. We have a soggy market, and the bonds are making a run for 3 percent. The banks are being penalized for the slowdown that's expected in mortgages but not benefiting from a yield curve that could mint them big money.

TheStreet.com logoIndustrials have run a lot, but we have no new information to trade on. Tech's a mixed picture, though it is beginning to feel a lot like the old days with only Apple and Google going up. Retail's trying to make a stand, and I think it could be a successful one given how low the group's gotten. But I think people would rather pay $77 for Home Depot knowing that it is good rather than $75.50 not knowing anything at all.

Stephanie Link, co-manager of our charitable trust, and I keep going back and forth looking for stocks to buy. This is something you should be doing because the Dow Jones Industrial Average has moved down for four straight days, but so few stocks jump out at us. It's been water torture. Unless you get a big break, nothing seems to jump out--and the big breaks come because something's very wrong.

So we stay sidelined with lots of cash. Wait for opportunities, like the oils, which have been coming down but not enough, or the financials, where the logic is exactly the same.

Disclosure: Cramer's charitable trust is long AAPL.
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