Sometimes everything seems to go wrong and it makes you just want to throw in. But after daily today where the averages started really strong, then collapse, then rebounded, then pulled back again, they’ll only declining 46 points. That’s been sinking .500% and the NASDAQ losing 1.15%. How are you at this point? Maybe after such a sell off that it’s better you just kind of hold on. Maybe you just hold on for a couple percentage point decline and then we’ll be so oversold we can reverse again. After all, we did bounce every day, if only for a 20 year old Treasury auction that went much better than fear. While the rebound was indeed short lived, it did give you a better chance to sell than at the Lowe’s. Moments to sell at the beginning of the day when it looked like the market was going to skyrocket. It’s exhausting, but tonight I want to put myself in the shoes of the seller. OK, the one who’s really in control right now. Not the ones who sold at the bottom, forget them, but the ones who held on and got back to Even. At least for this session, I will never, ever fight any viewer who wants to just dump all the stock. It’s not my style to fight, but it’s also not my style to do that. However, not many things are working and we’ve had a huge run. It’s natural to ring the register, isn’t it? Nobody wants to turn a profit into a loss. Plus, the stock market is ignoring anything positive about companies that report upside surprises while staying laser focused on the negatives. JB Hunt, big trucking company number four, reported numbers that were disappointed by its own admission. Stock dropped 8%. Same with Prologis, the biggest warehouse company in the country that saw its stock plunged more than 7% today on what I thought was a shocking lowered forecast. These two companies used to generate impressive growth. Now they’re offering subpar numbers. Worse, they’re calling very loudly not that long about how well they were doing, especially Prologis on our own show just last month. Neither saw This week is coming. I was very, very disappointed. We also had plenty of big picture negatives. Long term interest rates are rising. Commodity prices are rising. Oil is soaring. Europe is very soft. The Middle East is close to the brink after Iran fired missiles at Israel, The past few sessions have been rough, but today, let’s see. Oil plummeted, broader commodity complex got hit, Europe looking a little brighter. Israeli government seems to be leaning toward restraint. Yet those positives only seem to matter for about an hour. Don’t miss a second of Mad Money follow at Jim Cramer on X. Have a question? Tweet Kramer Hashtag Mad mentions Send Jim an e-mail to [email protected] or give us a call at one 807 four three CNBC. Miss something? Head to madmoney.cnbc.com.
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