The Market Is Simply Ignoring the Facts By Jim Cramer About this article: So much is happening that shouldn't be happening. Recounting the list might help explain why the market has a hard time going down. First, take credit card charge-offs. As unemployment grows, we should have expanded credit charge-offs. That's a total given. It is inconceivable not to have bigger charge-offs. No model I know of says this should be happening. But yesterday American Express joined Capital One and Target reporting that charge-offs are diminishing. These companies are not lying. It is happening. Credit card charge-offs are major hot buttons for short-sellers who, using the same models I would, expected the exact opposite to happen. Especially when Ken Chenault, CEO of American Express, was so downbeat when he spoke to Erin Burnett last month on CNBC. Second, if foreclosures are running so high and we have seen unbelievably large numbers of late -- as well... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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