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Assigning Blame

By Jim Cramer

 About this article:
 What happens if it is was mostly lock-in action? What if the big themes that everyone so feared weren't so big, and that the selloff -- so ugly, with so much damage -- was just technical and remains that way? Besides my oft-repeated statement that I don't expect a pullback to exceed 7%, I think this market didn't make a lot of sense last week. Here were the big themes: dollar getting stronger, causing a decline in minerals and resources; industrials faltering; recession stocks roaring back. Can these be explained together? I don't think so -- not one bit. If you get a strong dollar, you would be getting that because our economy is thriving and the government is about to raise rates, making the dollar more attractive. At the same time, the defensives are rallying, totally confounding us. You can't have the Fed about to raise...

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