Jim Cramer: The tech tyranny is over. These are the stocks driving this market

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A couple of trillion dollars came out of a handful of stocks and not all of it went into the 2-Year Treasurys.

Some of that cash went into companies that don't part with stock like it is tap water. They went to companies that know what to do when a recession is coming and they batten down the hatches before the storm, not after. The money went to the stocks of companies who buy their shares in the open market the way Silicon Valley issues it. These companies take pride in paying great dividends even if it means they don't grow as fast as they could. Talk about getting the zeitgeist.

A worker washes a Caterpillar crawler dozer at Ideal Tractor in West Sacramento, California, on Monday, Aug. 1, 2022.Never have the bulls been more bashful and timid. Never have the bears been so ascendant and so wrong. Oh sure, the bears nailed

 

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You know I guess if you're saying tech is tyranny then I should make sure I invest more in Tech or that anti Cramer ETF

Oh no

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