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Mutual Funds Put Bears on the Run

By Jim Cramer

 About this article:
 Mutual Fund Monday is alive and well and coming in at the end of the day after the bears have salted the session with puts. Once again we saw what happens when money comes in: It simply overwhelms whatever is dragging the market down. Today's bullish action really had its start with some small recovery in the Nasdaq as well as a persistent bid in JPMorgan Chase. It is a testament to what is continually regarded as the "resiliency" of the market, but is really just an endless wave of money that goes to mutual funds as people feel that the coast is clear and that the "rally in a bear market" is just total claptrap. Today was tougher because of the obvious profit-taking in Apple, of which I hope you took some off. Tomorrow should be Morgan Stanley's day for reiterating Apple, because the analyst...

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