On Tuesday the market learned that Turkey shot down a Russian plane. It also found out that consumer confidence is plummeting, Brussels remains on total lockdown with the imminent expectation of an attack and there is a holiday travel advisory with a warning of increased terrorism threats. Even the Fed is ready to hike rates for the first time in years.
With such a discouraging backdrop, Jim Cramer wondered how the heck the market rallied Tuesday.
"When you see days like this one, days where the odds are stacked against pretty much anything positive, and you nevertheless get a big turn … you have to recognize that sentiment is simply not working as a barometer of stocks," the "Mad Money" host said. (Tweet This)
Cramer interpreted the ability for the market to rally as it screaming that it wants to go higher — and it's willing to do so even with the bad news piling up.
So with this in mind, Cramer went down the list of things that are working right now, despite the difficult backdrop.
On Tuesday the market learned that Turkey shot down a Russian plane. It also found out that consumer confidence is plummeting, Brussels remains on total lockdown with the imminent expectation of an attack and there is a holiday travel advisory with a warning of increased terrorism threats. Even the Fed is ready to hike rates for the first time in years.With such a discouraging backdrop, Jim Cramer wondered how the heck the market rallied Tuesday."When you see days like this one, days where the odds are stacked against pretty much anything positive, and you nevertheless get a big turn … you have to recognize that sentiment is simply not working as a barometer of stocks," the "Mad Money" host said. (Tweet This)Cramer interpreted the ability for the market to rally as it screaming that it wants to go higher — and it's willing to do so even with the bad news piling up.So with this in mind, Cramer went down the list of things that are working right now, despite the difficult backdrop.
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