
Traders Still Want In

By Jim Cramer
About this article:
Was all of Monday just options expiration shenanigans? I am beginning to wonder whether we didn't shoehorn a reason or reasons into Monday's selloff and it was just pure profit-taking.
I say that because when you consider the pretty horrid unemployment claims -- if you are expecting some sort of rebound of the most important stat out there -- as well as media's hysteria about how "bad" retail is, you would conclude that we should be down today. We aren't. I believe that people are recognizing that Monday's decline was artificial and got a lot of people to put on shorts -- typically through near-term options that expire tomorrow -- that are now providing the trampoline we are playing on right now.
The puts bought, plus the desire to get in, by the mutual funds, which still exceeds the desire and firepower to knock down by the hedge...

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