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Adrift Before a Crucial Moment

By Jim Cramer

 About this article:
 Wild day -- as in wildly disappointing. An amazing amount of selling came in at the last minute and totally crushed a methodical rally and really left us in no-man's land. So many stocks today looked like what Procter & Gamble did on Monday morning -- hanging a point or two above a strike but really vulnerable. We are no longer overbought technically at least, but one of my favorite indicators for` so many years has simply failed us and points to nothingness. I look at this market and think only two things: We are back in a world where hedge funds and ETFs totally dominate and individual stocks mean nothing; and the stocks are easier to knock down than any time since the climactic battle won by the shorts in the fall of 2008. There are so many stocks that are so far from their strikes...

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