Points
- Amid a big down month, Cramer's bringing you a special sell-off edition of Mad Money.
- "All happy rallies are alike; Each sell-off is unhappy in its own way." - Jim Cramer
Link
CNBC - Video clips
CNBC - Audio Only
Transcript
To borrow a line from Tolstoy's fantastic Anna Karenina, "All happy rallies are alike; Each sell-off is unhappy in its own way". It's true, bull markets and stocks higher, and everyone thinks they're genius participating because it seems so darn easy.
Same every time, but big declines, much harder. They could be the start of a bear market or maybe something worse, or they might actually be just a buyable glitch.
- "Each sell-off is unhappy in its own way" : a variation of the opening line from Leo Tolstoy's novel "Anna Karenina," which begins with "All happy families are alike; each unhappy family is unhappy in its own way." This phrase is often used to highlight the uniqueness of problems or situations that seem similar at a glance.
- glitch : 〈俗〉〔機器に発生する〕問題、故障、誤作動、異常
So here's the bottom line. Sometimes crashes have nothing to do with the economy. They're caused by the mechanics of the market.
