That market saw what Cramer called an"intraday bounce," where the major indexes started the day worse off and then came back, cutting their losses. However, Cramer said it is possible for the market to fall further due to another spike in bond yields or a surge in oil prices.
"Did today's intraday bounce mean a lot?" he asked."Well, yeah, it kind of did. Here's the bottom line: Because, for once in the last four weeks, the bears, who have been having a jolly good time of it, finally had something to fear. And that, alone, means there could be a rally, at least as long as nothing whatsoever happens to the bond market or oil tomorrow."
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer's top 10 things to watch in the stock market WednesdayWill the tyranny of the 10-year Treasury yield end?
Read more »
Here are the 18 stocks Jim Cramer is watching, including names in EVs, beauty and oilHere are some of the tickers on my radar for Wednesday, Sept. 27, taken directly from my reporter’s notebook.
Read more »