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Options Expiration May Be Feeding the Selloff

By Jim Cramer

 About this article:
 Looks like the collective wisdom of the market is that the green shoots are turning brown and that there's been way too much enthusiasm for just about everything from the minerals to the oils to tech. Kind of confirms what I saw in the charts this weekend: a massive overextension of some groups to well beyond where they could be. And there's been no mutual fund money coming in today, at least so far. I am totally torn on today. You could argue that this selloff is the long overdue one, as we have been up for weeks and weeks. But you could also argue that stocks are simply getting in place for expiration, and we had to gravitate to the lower strikes. That's what Intel and Oracle feel like. So do the drugs, Pfizer and Johnson & Johnson, which are erring to the downside. The aerospace complex...

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