TheStreet.com RealMoney

The Bears Are Back in Town

By Jim Cramer

 About this article:
 At last, a test, a test of the futures! That's what we have been looking for, one of these gigantic down openings like the old days, where it goes down and you stand there and you get pounded. That's what the market was, basically, from the top of 2007 until March -- a series of days where you came in and the futures were down so much that you knew they were going to go lower, except for the people who shorted it the night before and were taking profits. Welcome home, bears! This test could be unlike any other for a while. The decline is so swift that there probably aren't many shorts on at all. I can imagine a few hours where those hungry for performance on the long side let it come in before they go back to work buying. They are not deterred...

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