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The Action Doesn't Jibe With a Change in Mood

By Jim Cramer

 About this article:
 Profit-taking? Disaster in the making? The beginning of the end? I hate to be too dramatic about a day like today. I simply do not believe today is a fulcrum day. I think that the Goldman Sachs revision down for jobs tomorrow -- chronicled correctly by Rev Shark in the Columnist Conversation -- has taken the sting out of a really, really weak number tomorrow. I also think that the profit-taking thesis is helped by the fact that the strongest selloff is in the biggest winners. Here's my quick-and-dirty theory: Plenty of stocks were pumped up by mark-up buying. The pump-up and subsequent support underneath is now gone. We know that jobless claims aren't improving. That's a real negative, especially for retail and banks. But, and this is a big but, we are not seeing the right stocks go up if we are signaling another dip down....

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