Jim Cramer: Why Do Selloffs Have Instant Credibility, Advances Doubted?

So many people wonder, can this rally be trusted? Is the pause we got midday today the real deal, or is it a momentary pitstop on the way to much higher levels as we saw by the end of the session. More important, could we now challenge the old highs from January?

I find the whole line of inquiry about the reality of the market's climb to be fatuous. It stems from a belief that all selloffs are true, realistic and trusted, but all rallies are suspect. Even today, when the market came down, we heard that after seven days we saw its true colors. When the market was going higher, we knew that it had to collapse because things just aren't good enough to justify the run. ...1252 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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